Series 6 - Investment Company And Variable Contracts Products Representative Exam

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The requirement for principal approval of retail communications does not apply if, at the time the firm intends to distribute it:

Another member has filed it and has received a letter from FINRA stating it appears to be consistent with applicable standards and It is only recommends the products sold by the member firm and no other firms
A
The member using it is relying upon a letter from FINRA and has not materially altered the communication and It is only recommends the products sold by the member firm and no other firms
B
The member using it is relying upon a letter from FINRA and has not materially altered the communication and It is made available to less than 50 retail investors within a 30 calendar-day period
C
Another member has filed it and has received a letter from FINRA stating it appears to be consistent with applicable standards and The member using it is relying upon a letter from FINRA and has not materially altered the communication
D

Explanations

The requirement of prior principal approval does not apply if, at the time that the firm intends to distribute a retail communication, another member has filed it and has received a letter from FINRA stating that it appears to be consistent with applicable standards AND the member using it in reliance upon the letter has not materially altered it and will use it in a manner consistent with the conditions of FINRA's letter.

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