Relationships and Dealings: Rapid Fire

What this video covers

• Sorting written or electronic communications by audience size and investor type: correspondence for a small retail group, retail communication for a larger retail audience, and institutional communication for institutional investors only
• Why the content of a message never determines its communication category, and how test writers bait you with risky content to hide a small audience size
• The difference between a consumer and a customer under Regulation S-P, and why only the customer enjoys continuing-relationship protections
• What nonpublic personal information (NPI) means, why aggregate or blind data is excluded, and why business or agricultural information falls outside the scope entirely
• The two boxes required for the soft-dollar safe harbor: investment discretion by the decision-maker plus a good-faith reasonableness determination measuring commission against qualifying services
• Why unregistered status alone does not answer a commission-payment question, and how to analyze whether the recipient's actual activities require broker-dealer registration
• Scaling vendor due diligence to risk level, and why subcontractor review matters when sensitive information or critical systems are involved