Series 7 practice questionmediumCommunications with the Public (Retail and Institutional) — Institutional Communication
Which of the following best describes an 'institutional communication' under FINRA rules?
- AA letter sent to 15 individual clients
- BA public seminar invitation posted on a firm's website
- CA communication sent to a bank’s investment manager regarding a new bond issue✓ Correct answer
- DA newsletter sent to 60 retail investors
Explanation
Why C — A communication sent to a bank’s investment manager regarding a new bond issue
Institutional communication is any written or electronic communication distributed only to institutional investors, such as banks and investment managers.
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