Question

What are the 3 categories of FINRA defined Communications?

1) Written
2) Oral
3) Electronic

Answer 1

FINRA's communication categories include Institutional Communication, Retail Communication, and Correspondence, established to ensure transparency and regulate communications within the financial industry. The SEC oversees these regulations following the Federal Securities Act.

Step-by-step explanation:

The 3 categories of FINRA defined Communications are: Institutional Communication, Retail Communication, and Correspondence. Institutional Communication refers to communications made to institutional investors like banks and mutual funds. Retail Communication involves interactions with a broader audience, including individual investors. Correspondence is more personalized and typically involves written or electronic communication between a single investor and the firm or its representative. These categories were established to ensure transparency and integrity in the communication processes within the financial services industry. The establishment of the Federal Securities Act and the subsequent formation of the Securities and Exchange Commission (SEC) have played a crucial role in regulating these communications, helping to protect investors and maintain fair markets.

Answer 2

The 3 categories of FINRA defined Communications are written, oral, and electronic.

Step-by-step explanation:

The 3 categories of FINRA defined Communications are:

Written: This category includes any communication that is in written form, such as letters, emails, or brochures.

Oral: This category includes any communication that is spoken, such as phone conversations or face-to-face meetings.

Electronic: This category includes any communication that is transmitted electronically, such as text messages, social media posts, or website content.