Series 7 practice questionmediumSeminars and Public Appearances — Social Media and Recordkeeping
A representative live-streams her investment seminar on a social media platform. What is her firm's obligation regarding the seminar content?
- ASubmit the video to FINRA within 30 days.
- BApprove the content in advance and retain records for three years.✓ Correct answer
- CNo special requirements apply to social media broadcasts.
- DOnly monitor the stream in real time.
Explanation
Why B — Approve the content in advance and retain records for three years.
Seminars broadcast via social media are considered retail communications; firms must approve materials in advance and maintain records for at least three years.
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