Finra
A registered representative placing a mutual fund advertisement must receive written approval from:
Under FINRA rules, all retail communications (including advertisements) must be approved by a registered principal of the member firm before use. This is an internal firm review, not a regulatory filing. Some communicati
Complete Analysis & Legal Rationale
Under FINRA rules, all retail communications (including advertisements) must be approved by a registered principal of the member firm before use. This is an internal firm review, not a regulatory filing. Some communications may require filing with FINRA, but the approval comes from the firm's principal.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.