Exam Alert: Free writing prospectuses must comply with FINRA communication rules

A free writing prospectus is a written offer to sell (or solicitation of an offer to buy). Effective October 21, 2010, a free writing prospectus Continue reading

A free writing prospectus is a written offer to sell (or solicitation of an offer to buy).  Effective October 21, 2010, a free writing prospectus distributed by a broker-dealer to the public must be approved by a registered principal and must comply with FINRA content standards and filing requirements for advertisements and sales literature.  This is a change from previous interpretive guidance that excluded free writing prospectuses from these requirements. Relevant to: Series 24, Series 62, Series 79.

http://www.finra.org/Industry/Regulation/Notices/2010/P122311

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