SIE practice questionhardTestimonials
Which is required when a compensated testimonial is used in retail communication?
- AFINRA pre-approval
- BDisclosure of the individual's address
- CFiling with the SEC
- DDisclosure that the individual was compensated✓ Correct answer
Explanation
Why D — Disclosure that the individual was compensated
FINRA requires disclosure if the testimonial provider received compensation.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 1,867+ SIE questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Communications & Sales Practices questions
- A broker-dealer creates a retail communication for a new mutual fund with a self-created ranking. When must it be filed…
- Which of the following is TRUE about supervision of public appearances?
- How often must broker-dealers file annual compliance reports with regulators?
- What must a firm have in place for all customer communications?