Series 99: Exercise

Exercise

Answer the following questions.

1. 1. At what point does correspondence become retail communication?
2. A. When performance information is quoted
3. B. When the recipient is a prospect and not a customer
4. C. When recipients exceed 25 retail investors
5. D. When it triggers a sale
6. 2. Every member firm must develop appropriate written procedures for the review of which type of correspondence?
7. I. Non-electronic correspondence
8. II. Electronic correspondence
9. A. I only
10. B. II only
11. C. Both I and II
12. D. Neither I nor II

Answers

1. 1. C. If a communication is distributed to more than 25 retail investors within a 30 day period, it is considered retail communication and