A broker-dealer operating through a networking arrangement in a bank wants to use joint marketing materials. Which statement is true?

1. AJoint materials may imply the bank guarantees the securities.
2. BMaterials can omit disclosure if the products are low risk.
3. CAll materials must clearly disclose that securities are not FDIC insured and are not bank obligations.✓ Correct answer
4. DOnly the broker-dealer's name must appear on the materials.

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