Exercise
Answer True or False
1. True or false. Paid testimonials are sometimes allowed.
2. True or false. Testimonials must contain a disclosure that says that the testimonial may not be representative of others’ experiences.
3. True or false. A testimonial may discuss technical aspects of investing even if the person does not have expertise in the area, as long as the person discloses that he does not have this expertise.
4. True or false. Testimonials must contain disclosures that say that the testimonial is no guarantee of future performance.
5. True or false. No information in a retail communication can be put in a footnote.
6. True or false. All retail communications must prominently display the name of the member firm.
7. True or false. A communication must refer to income as tax-free if it refers to taxes that are deferred.
8. True or false. Communications that include recommendations must contain a disclosure if the co