RegulationsCâu 58 / 110
A representative emails an identical market update to 18 individual retail clients in one month. This communication is categorized as:
a.A retail communication requiring pre-use principal approval
b.An institutional communication exempt from review
c.An advertisement requiring filing with FINRA
d.Correspondence, subject to supervision and review procedures
Giải thích
Because the message reaches 25 or fewer retail investors within 30 days, it is correspondence, which firms must supervise and review under their written procedures but need not approve before use. Crossing the 25-recipient line would convert it into a retail communication. Retail clients are not institutional investors, and correspondence is not filed with FINRA.
Trích dẫn luật: FINRA Rule 2210 (Communications with the Public)Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A representative tells a prospect, "Buy this fund before Friday's record date so you get the $0.40 per share distribution for free." This statement is:
- Which of the following would most likely be viewed as a prohibited practice by a registered representative?
- Under FINRA's communications rules, a written message distributed to more than 25 retail investors within any 30 calendar-day period is classified as:
- An institutional communication is one distributed exclusively to:
- Retail communications must generally be:
- How long must a member firm retain records of its communications with the public?
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