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NEW QUESTION: 1
Which of the following is a true statement about FINRA rules regarding material that Giant Investments
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I. FINRA requires that each member firm establish procedures for each institutional investor separately.
II. Procedures to be followed in distributing material to institutional investors must be in writing.
III. All institutional sales material must be submitted to a principal for approval prior to being used.
IV. Institutional sales material must be maintained by the member firm for at least three years from the
date of last use.
A. I, II, and IV only
B. I and II only
C. II and III only
D. I, II, and III
Answer: A
Explanation:
Only Statements I, II, and IV are true statements regarding FINRA rules on material that
Giant submits to its institutional investors. FINRA requires that each member firm establish procedures for
each institutional investor separately, and that the procedures to be followed in distributing material to
institutional investors be established in writing. Institutional sales material must be maintained by the
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