Series 7 practice questionmediumSeminars and Public Appearances — FINRA Approval Requirements
A registered representative plans to host a seminar for prospective clients that will include a detailed discussion of specific mutual funds. Which of the following is required before the representative presents the seminar?
- AOnly disclosure of the representative's affiliation with the broker-dealer is required.
- BThe representative can use any materials as long as they are factual.
- CThe seminar script and materials must be approved by a principal before use.✓ Correct answer
- DFINRA must pre-approve the seminar content.
Explanation
Why C — The seminar script and materials must be approved by a principal before use.
Seminar materials that discuss specific products are considered retail communications and must be approved by a principal prior to use under FINRA rules.
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