Series 7 practice questionmediumCommunications with the Public (Retail and Institutional) — Filing Requirements
A broker-dealer is distributing a retail communication about a new variable annuity product. Which of the following best describes the filing requirement with FINRA?
- AFile with FINRA at least 10 business days prior to first use✓ Correct answer
- BFile only if requested by FINRA
- CNo filing is required if approved by a principal
- DFile with FINRA within 10 business days of first use
Explanation
Why A — File with FINRA at least 10 business days prior to first use
Retail communications concerning variable products must be filed with FINRA at least 10 business days prior to first use.
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