Lucky the Banker mascotLTB
← Series 7: Seeks Business for the Broker-Dealer
Series 7 practice questionmediumSeminars and Public Appearances — Use of Research Reports

A representative plans to distribute a research report from her firm's research department at a seminar. Before using it as seminar material, what must happen?

  1. ANo additional review, since it is a firm-produced report.
  2. BOnly conflict disclosure is required; principal approval is unnecessary.
  3. CThe material must be approved for use and required research conflicts must remain disclosed.✓ Correct answer
  4. DFINRA pre-approval of the research report.
Explanation

Why C — The material must be approved for use and required research conflicts must remain disclosed.

Written seminar materials are communications with the public and generally require firm principal approval before use. If the material is a research report, required research-report conflict disclosures must also remain included; FINRA does not pre-approve the report.

Turn it into reps

Reading one answer is not the same as being ready

Lucky the Banker is a free practice app with 758+ Series 7 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.

Practice Series 7 freeSeries 7 exam guide

Spot an error in this question or explanation? Tell us — we fix these fast.

Related Seeks Business for the Broker-Dealer questions