SERIES 6 CANDIDATES NEED TO KNOW FINRA RULE 3110 THAT REQUIRES REVIEW OF ALL INCOMING AND OUTGOING CORRESPONDENCE. TRY OUR TRUE OR FALSE QUIZ ON CORRESPONDENCE
Here is an important rule to study and know for anyone planning to take the Series 6 Exam. FINRA Rule 3110 (b) (4) requires supervision of all correspondence both incoming and outgoing. It covers the review of incoming and outgoing written correspondence involving retail customers and internal communications relating to a broker/dealer's investment banking or securities business. Note as important that this rule also covers electronic communications, both incoming and outgoing. A registered principal of a broker/dealer must review and approve or disapprove all: (a) incoming and outgoing written (including electronic) correspondence to properly identify and handle in accordance with firm procedures, customer complaints, instructions, funds and securities, and communications that are of a subject matter that require review under FINRA rules and federal securities laws. (b) internal communications that require review under FINRA rules and federal securities laws. A regist...