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.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 755+ Series 7 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Seeks Business for the Broker-Dealer questions
- A registered representative wants to post a professional biography on their firm's website. What type of communication…
- A broker-dealer creates a testimonial video featuring a retail client who discusses her positive experience with a new…
- Under FINRA rules, which type of social media communication generally requires principal pre-approval before being…
- An RR distributes a retail communication advertising a new equity mutual fund, stating: 'This fund has consistently…