Series 7 practice questioneasyCommunications with the Public (Retail and Institutional) — Principal Approval
Before distributing retail communications, what must a registered representative generally obtain?
- APrincipal approval✓ Correct answer
- BFINRA approval
- CSEC approval
- DCustomer approval
Explanation
Why A — Principal approval
Retail communications usually require approval by a registered principal before they are used or distributed.
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.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Seeks Business for the Broker-Dealer questions
- According to FINRA, which of the following is classified as correspondence?
- A representative uses a hypothetical illustration at a seminar to demonstrate the potential growth of a $100,000…
- Which of the following would be considered institutional communication?
- During a seminar, a registered representative asks a satisfied client to give a testimonial about the firm’s services.…
- Under which circumstance must a firm's retail communication be filed with FINRA at least 10 business days prior to…
- A representative conducts a public seminar and makes unscripted comments about specific mutual funds. Which of the…
- Which of the following statements about content standards for communications with the public is TRUE?
- A registered representative is planning to host a seminar where options strategies will be discussed in detail and…