Unit 19 Communications with the Public Flashcards

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1
Q

Retail Communication

A

25 or more retail investors
required principal approval

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2
Q

Sales script is considered

A

retail communication

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3
Q

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

A

10 business days prior to use

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4
Q

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

A

options, futures, performance rankings

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5
Q

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

A

recommending funds, DPP, CMOs, derivatives

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6
Q

Correspondence

A

written
25 or fewer retail investors

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7
Q

Social media communications subject to

A

FINRA rules

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8
Q

Static communications

A

must be approved by principal prior to use

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9
Q

Interactive communications

A

classified as retail, but are excluded from prior principal approval

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10
Q

All communications are kept for

A

3 years

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11
Q

Quiet period for equity research is ___ days.

A

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

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