TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA Series 6 Exam Study Guide
Latest Update
Retail Communication - ✔️✔️Correct-"any written (including electronic) communication
that is distributed or made available to more than 25 retail investors within any 30
calendar-day period.
*Preapproval of a principal is required (prior to use).
Correspondence - ✔️✔️Correct-written or electronic communication that is distributed or
made available to 25 or fewer retail investors within any 30-calendar-day period
**Pre- or post-review of a principal is required (reviewed before or after use).
Institutional communication - ✔️✔️Correct-any written communication that is distributed
or made available only to institutional investors but does not include a member firm's
internal communications.
**No preapproval of a principal is required
Public Appearance - ✔️✔️Correct-participation in a seminar, webinar, forum (including an
interactive electronic forum such as a chat room), radio or television interview, or other
public appearance or public speaking activity.
**Preapproval of a principal may be required but is not mandated
1/61
,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
independently prepared reprint (IPR) - ✔️✔️Correct-consists of any article reprint that
meets certain standards designed to ensure that the reprint was issued by an
independent publisher and was not materially altered by the member
**must be preapproved by a principal if the communication meets the definition of a
retail communication.
research report - ✔️✔️Correct-is a document prepared by an analyst or strategist,
typically as part of a research team for an investment bank or broker-dealer.
**Research reports must be preapproved by a principal if the communication meets the
definition of a retail communication
electronic communications - ✔️✔️Correct-Websites, whether sponsored by the company
itself or set up by an individual registered representative, are considered retail
communications and are subject to applicable filing and recordkeeping rules. They must
be reviewed and approved by a principal prior to first use and must contain no
exaggerated claims or misleading information.
Electronic bulletin boards - ✔️✔️Correct-are also considered retail communications, but a
registered representative using one, or a chat room, need not identify himself as a
registered person. Use of an online interactive forum by a registered representative
must be approved by a principal, although each post does not require principal approval
2/61
,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Generic advertising - ✔️✔️Correct-promotes securities as an investment medium but
does not refer to any specific security. Generic advertising often includes information
about:
-the securities investments that companies offer,
- the nature of investment companies,
- services offered in connection with the described securities,
- explanations of the various types of investment companies,
- descriptions of exchange and reinvestment privileges, and
- where the public can write or call for further information
Rule 3110 - ✔️✔️Correct-Each member must retain copies of its registered
representatives' correspondence according to the recordkeeping rule
Filing Requirements during 1st year of operation - ✔️✔️Correct-FINRA will require the
member to file any retail communication that is published or used in any electronic or
other public media (e.g., any generally accessible website, newspaper, magazine or
other periodical, radio, television, telephone or audio recording, video display, sign or
billboard, motion picture, or telephone directory [other than routine listings]) with FINRA
at least 10 business days before first use (prefiling).
Filing Requirements for an "Established Firm" (after completion of 1st year of
registration) - ✔️✔️Correct-may file retail communications relating to investment
companies (including mutual funds, variable contracts, and UITs) within 10 business
days of first use (post-filing).
3/61
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Whether a first year firm or not, retail communications for investment companies
(including mutual funds, variable contracts, and UITs) that include a ranking or
comparison that is generally not published or is the creation of the investment company
or the member must be filed with FINRA.... - ✔️✔️Correct-at least 10 business days
before first use (prefiling).
If the ranking or comparison is generally published or is the creation of an independent
entity (e.g., Lipper or Morningstar), what rules apply? - ✔️✔️Correct-the usual filing rules
for filing will apply (i.e., within 10 business days of first use [post-filing])
Spot Checks - ✔️✔️Correct-Each member's retail communications are subject to routine
spot checks. Members must comply with written requests for such material by FINRA.
Material filed previously with FINRA under this rule need not be resubmitted.
Exemptions From Filing and Spot Check Requirements - ✔️✔️Correct--retail
communications that previously have been filed with the department and that are to be
used without material change;
-retail communications that do not make any financial or investment recommendation or
otherwise promote a product or service of the member;
-retail communications that do no more than identify a national securities exchange
symbol of the member or identify a security for which the member is a registered market
maker;
-retail communications that do no more than identify the member or offer a specific
security at a stated price;
4/61
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
FINRA Series 6 Exam Study Guide
Latest Update
Retail Communication - ✔️✔️Correct-"any written (including electronic) communication
that is distributed or made available to more than 25 retail investors within any 30
calendar-day period.
*Preapproval of a principal is required (prior to use).
Correspondence - ✔️✔️Correct-written or electronic communication that is distributed or
made available to 25 or fewer retail investors within any 30-calendar-day period
**Pre- or post-review of a principal is required (reviewed before or after use).
Institutional communication - ✔️✔️Correct-any written communication that is distributed
or made available only to institutional investors but does not include a member firm's
internal communications.
**No preapproval of a principal is required
Public Appearance - ✔️✔️Correct-participation in a seminar, webinar, forum (including an
interactive electronic forum such as a chat room), radio or television interview, or other
public appearance or public speaking activity.
**Preapproval of a principal may be required but is not mandated
1/61
,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
independently prepared reprint (IPR) - ✔️✔️Correct-consists of any article reprint that
meets certain standards designed to ensure that the reprint was issued by an
independent publisher and was not materially altered by the member
**must be preapproved by a principal if the communication meets the definition of a
retail communication.
research report - ✔️✔️Correct-is a document prepared by an analyst or strategist,
typically as part of a research team for an investment bank or broker-dealer.
**Research reports must be preapproved by a principal if the communication meets the
definition of a retail communication
electronic communications - ✔️✔️Correct-Websites, whether sponsored by the company
itself or set up by an individual registered representative, are considered retail
communications and are subject to applicable filing and recordkeeping rules. They must
be reviewed and approved by a principal prior to first use and must contain no
exaggerated claims or misleading information.
Electronic bulletin boards - ✔️✔️Correct-are also considered retail communications, but a
registered representative using one, or a chat room, need not identify himself as a
registered person. Use of an online interactive forum by a registered representative
must be approved by a principal, although each post does not require principal approval
2/61
,TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Generic advertising - ✔️✔️Correct-promotes securities as an investment medium but
does not refer to any specific security. Generic advertising often includes information
about:
-the securities investments that companies offer,
- the nature of investment companies,
- services offered in connection with the described securities,
- explanations of the various types of investment companies,
- descriptions of exchange and reinvestment privileges, and
- where the public can write or call for further information
Rule 3110 - ✔️✔️Correct-Each member must retain copies of its registered
representatives' correspondence according to the recordkeeping rule
Filing Requirements during 1st year of operation - ✔️✔️Correct-FINRA will require the
member to file any retail communication that is published or used in any electronic or
other public media (e.g., any generally accessible website, newspaper, magazine or
other periodical, radio, television, telephone or audio recording, video display, sign or
billboard, motion picture, or telephone directory [other than routine listings]) with FINRA
at least 10 business days before first use (prefiling).
Filing Requirements for an "Established Firm" (after completion of 1st year of
registration) - ✔️✔️Correct-may file retail communications relating to investment
companies (including mutual funds, variable contracts, and UITs) within 10 business
days of first use (post-filing).
3/61
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
Whether a first year firm or not, retail communications for investment companies
(including mutual funds, variable contracts, and UITs) that include a ranking or
comparison that is generally not published or is the creation of the investment company
or the member must be filed with FINRA.... - ✔️✔️Correct-at least 10 business days
before first use (prefiling).
If the ranking or comparison is generally published or is the creation of an independent
entity (e.g., Lipper or Morningstar), what rules apply? - ✔️✔️Correct-the usual filing rules
for filing will apply (i.e., within 10 business days of first use [post-filing])
Spot Checks - ✔️✔️Correct-Each member's retail communications are subject to routine
spot checks. Members must comply with written requests for such material by FINRA.
Material filed previously with FINRA under this rule need not be resubmitted.
Exemptions From Filing and Spot Check Requirements - ✔️✔️Correct--retail
communications that previously have been filed with the department and that are to be
used without material change;
-retail communications that do not make any financial or investment recommendation or
otherwise promote a product or service of the member;
-retail communications that do no more than identify a national securities exchange
symbol of the member or identify a security for which the member is a registered market
maker;
-retail communications that do no more than identify the member or offer a specific
security at a stated price;
4/61
