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A representative gives a seminar to investors, making a presentation about successful hedge fund strategies. It is attended by 30 retail clients and 20 institutional clients. FINRA defines this as:

A. an advertisement
B. a solicitation
C. a retail communication
D. correspondence

Respuesta :

Answer:

C. a retail communication

Explanation:

FINRA is a non governement corporation that enable investor or firm to participate in the market by safeguarding their rights. It has been divided into two category:

  • correspondence
  • retail communication.

Correspondence: It is a communication to 25 or less existing client or prospective clients. Under correspondence, Institutional communication and public appearances are not subject to pre principal approval.

Retail communication: It is communication to more than 25 existing client or prospective client, excluding institutional communication and public appearance.

In the given case, It is a communication to 30 retail clients, therefore is a retail communication

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