Unit 19 Communications with the Public

Question 1

Retail Communication

Answer 1

25 or more retail investors
required principal approval

Question 2

Sales script is considered

Answer 2

retail communication

Question 3

New firms (less than 1 year) need to file retail communication with FINRA…

Answer 3

10 business days prior to use

Question 4

All established firms need to file with FINRA 10 business days prior for:

Answer 4

options, futures, performance rankings

Question 5

All established firms need to file with FINRA 10 business days after for:

Answer 5

recommending funds, DPP, CMOs, derivatives

Question 6

Correspondence

Answer 6

written
25 or fewer retail investors

Question 7

Social media communications subject to

Answer 7

FINRA rules

Question 8

Static communications

Answer 8

must be approved by principal prior to use

Question 9

Interactive communications

Answer 9

classified as retail, but are excluded from prior principal approval

Question 10

All communications are kept for

Answer 10

3 years

Question 11

Quiet period for equity research is ___ days.

Answer 11

10
3 days for manager in follow- on
no days for syndicate