Series 7 practice questioneasySocial Media and Digital Communications — Recordkeeping
Which of the following types of electronic communications must broker-dealers retain for recordkeeping purposes under FINRA rules?
- APersonal text messages unrelated to securities
- BPrivate family emails
- CBusiness-related social media posts✓ Correct answer
- DPersonal posts about hobbies
Explanation
Why C — Business-related social media posts
FINRA requires broker-dealers to retain all business-related electronic communications, including business social media posts, for recordkeeping purposes.
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