Series 7 practice questionhardMarketing and Prospecting — Public Seminars and Recordkeeping
A registered representative hosts a public seminar and distributes approved sales literature and business cards. According to FINRA recordkeeping rules, for how many years must records of the seminar materials and attendee list be retained, and when does the retention period begin?
- A3 years from the date of last use; materials and attendee list✓ Correct answer
- B5 years from the date of creation; materials only
- C3 years from the date of seminar; materials and attendee list
- D6 years from the date of last use; materials only
Explanation
Why A — 3 years from the date of last use; materials and attendee list
FINRA requires that retail communication and related records, including sales literature and attendee lists, be kept for 3 years from the date of last use; this ensures compliance with supervisory obligations and regulatory review.
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