TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
SIE Exam Part 3 Unit 27 Study Guide
with Complete Solutions
FINRA - Answer✔️✔️-who holds BDs to general standards regarding all member firm
communications
- all member firm communications must be based on the principles of fair dealing and
good faith
- institutional
- retail
- correspondence - Answer✔️✔️-in accordance with FINRA, what are the three
categories of communication?
institutional communication - Answer✔️✔️-category of communication
- means any written (including electronic) communication that is distributed or made
available only to institutional investors, but it does not include a member's internal
communication (ex. internal memos)
- another member firm of RR
- a bank
- a savings and loan association
- an insurance company
- a registered investment company (mutual fund)
- an employee benefit plan
1/5
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
- a governmental entity or subdivision
- a person acting solely on behalf of an institutional investor
- any entity with $50 million or more of total assets, including natural persons -
Answer✔️✔️-what are some examples of institutional investors
retail communication - Answer✔️✔️-category for communication
- means any written (including electronic) communication that is distributed or made
available to more the 25 retail investors within any 30-calendar-day period
- a copy must be filed with FINRA
retail investor - Answer✔️✔️-any person other than an institutional investor, regardless of
whether the person has an account with the member
correspondence - Answer✔️✔️-category for communication
- means any written (including electronic) communication that is distributed or made
available to 25 or fewer retail investors within any 30-calendar-day period
- each firm must establish if it will require principal approval of correspondence before
use or allow for post-use approval
True - Answer✔️✔️-True or False:
if they are not institutional customers, they are retail customers
the Telephone Consumer Protection Act of 1991 (TCPA) - Answer✔️✔️-Act that was
administered by the Federal Communications Commission (FCC)
- was enacted to protect consumers from unwanted telephone solicitations
(telemarketing)
2/5
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
SIE Exam Part 3 Unit 27 Study Guide
with Complete Solutions
FINRA - Answer✔️✔️-who holds BDs to general standards regarding all member firm
communications
- all member firm communications must be based on the principles of fair dealing and
good faith
- institutional
- retail
- correspondence - Answer✔️✔️-in accordance with FINRA, what are the three
categories of communication?
institutional communication - Answer✔️✔️-category of communication
- means any written (including electronic) communication that is distributed or made
available only to institutional investors, but it does not include a member's internal
communication (ex. internal memos)
- another member firm of RR
- a bank
- a savings and loan association
- an insurance company
- a registered investment company (mutual fund)
- an employee benefit plan
1/5
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
- a governmental entity or subdivision
- a person acting solely on behalf of an institutional investor
- any entity with $50 million or more of total assets, including natural persons -
Answer✔️✔️-what are some examples of institutional investors
retail communication - Answer✔️✔️-category for communication
- means any written (including electronic) communication that is distributed or made
available to more the 25 retail investors within any 30-calendar-day period
- a copy must be filed with FINRA
retail investor - Answer✔️✔️-any person other than an institutional investor, regardless of
whether the person has an account with the member
correspondence - Answer✔️✔️-category for communication
- means any written (including electronic) communication that is distributed or made
available to 25 or fewer retail investors within any 30-calendar-day period
- each firm must establish if it will require principal approval of correspondence before
use or allow for post-use approval
True - Answer✔️✔️-True or False:
if they are not institutional customers, they are retail customers
the Telephone Consumer Protection Act of 1991 (TCPA) - Answer✔️✔️-Act that was
administered by the Federal Communications Commission (FCC)
- was enacted to protect consumers from unwanted telephone solicitations
(telemarketing)
2/5
