Series 7 practice questionmediumDigital Communications — Third-Party Posts
A client posts a positive testimonial about a registered representative on the firm's LinkedIn page. Which statement is TRUE about the firm's responsibilities regarding this post?
- AThe testimonial is not considered a firm communication unless the firm endorses or shares it.✓ Correct answer
- BThe firm must obtain written approval from FINRA to keep the testimonial.
- CThe firm must treat all third-party posts as their own communications.
- DThe firm must remove the testimonial immediately.
Explanation
Why A — The testimonial is not considered a firm communication unless the firm endorses or shares it.
Third-party content is generally not considered a firm communication unless the firm endorses, shares, or becomes entangled with the content.
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