SIE Exam Question 159: Answer and Explanation

Question: 159

Which of the following is false regarding options-related advertisements?

• A. Must be approved in advance by a Registered Options Principal
• B. Copies must be retained by the member firm
• C. Records containing the name of the persons who created and approved the advertisement must be kept
• D. FINRA never needs to approve options-related advertisements

Correct Answer: D

Explanation:

FINRA's Advertising Regulation Department must approve certain options communications with the public. Options-related advertisements also must be approved in advance by a Registered Options Principal, have copies retained by the member firm, and keep records containing the name of the persons who created and approved the advertisement (see FINRA Rule 2220).