FINRA Securities Industry Essentials Exam (SIE) SIE Question # 108 Topic 11 Discussion
SIE Exam Topic 11 Question 108 Discussion:
Question #: 108
Topic #: 11
A broker-dealer (BD) creates a marketing postcard that includes a statement regarding FINRA ' s endorsement of the BD. Which of the following responses is true?
A.
The statement regarding FINRA ' s endorsement is not permissible.
B.
The statement is permissible if a principal of the BD approves it in writing prior to use.
C.
The statement is permissible if the statement is approved in writing by FINRA prior to use.
D.
The statement is permissible if the postcard does not discuss specific investment opportunities.
FINRA Rule 2210: Firms are prohibited from suggesting or implying FINRA ' s endorsement or approval in any advertising materials.
Approvals: Even if a principal or FINRA approves the content, such a statement remains impermissible.
Key Point: FINRA ' s role is to regulate, not to endorse firms or their marketing.
FINRA Rule 2210 (Communications with the Public): FINRA Rule 2210.
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