Seminars, Lectures, and Group Forum Requirements

What this video covers

• Why a single seminar triggers two different FINRA rule sets simultaneously: public appearance rules for spoken remarks and retail communication rules for written materials
• How the magic number of 25 retail investors determines whether distributed materials are classified as correspondence (25 or fewer) or retail communication (more than 25)
• Why unscripted spoken words at a seminar are a public appearance that does not require principal pre-approval
• Why written handouts, slide decks, and brochures distributed to more than 25 retail investors absolutely require principal approval before use
• The three mandatory elements of written supervisory procedures for public appearances: education and training, documentation, and surveillance and follow-up
• Why the exam will try to trick you into thinking training alone satisfies supervisory requirements, and why surveillance and follow-up are non-negotiable
• When a stock recommendation during a seminar Q&A triggers the reasonable basis and financial interest disclosure requirements