A registered representative is planning to host a seminar where options strategies will be discussed in detail and written materials will be distributed to 60 retail investors. Which of the following is required regarding FINRA filing and approval of the seminar materials?

1. AThe materials must be approved by a principal within 10 business days after first use, but do not require FINRA filing.
2. BThe materials only require principal approval but do not need to be filed with FINRA since the audience is less than 100 people.
3. CThe materials require no principal approval or FINRA filing if handed out only at the event.
4. DThe materials must be approved by a principal prior to use and filed with FINRA at least 10 business days prior to first use.✓ Correct answer

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