Series 7 practice questionmediumCommunications with the Public (Retail and Institutional) — Social Media
A registered representative wants to share a client testimonial on her firm's official LinkedIn page. Which of the following is required under FINRA rules before posting?
- AObtaining written permission from the client only
- BPrincipal approval prior to posting✓ Correct answer
- CNo action required if the testimonial is truthful
- DFiling the testimonial with FINRA within 10 business days
Explanation
Why B — Principal approval prior to posting
Any retail communication, including client testimonials on social media, requires principal approval before being posted to ensure compliance with regulatory requirements.
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