Series 7 practice questioneasyCommunications with the Public (Retail and Institutional) — Correspondence Definition
According to FINRA, which of the following is classified as correspondence?
- AA group email sent to 20 prospective retail clients✓ Correct answer
- BA letter sent to 35 retail clients
- CA research report posted on the firm's website
- DA seminar invitation sent to 50 institutional investors
Explanation
Why A — A group email sent to 20 prospective retail clients
Correspondence includes any written or electronic communication distributed to 25 or fewer retail investors within a 30-day period.
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