Question

Which of the following are "fiduciaries" covered under FINRA Rule 2060's restrictions on using information about the ownership of an issuer's securities to solicit transactions?

I. Broker-dealers
II. Transfer agent
III. Registered Representative
IV. Trustee

A) I and III
B) II and IV
C) I, II, and III
D) I, III, and IV

Answer 1

Broker-dealers, Transfer agents, Registered Representatives, and Trustees are fiduciaries covered under FINRA Rule 2060's restrictions.

Step-by-step explanation:

The fiduciaries covered under FINRA Rule 2060's restrictions on using information about the ownership of an issuer's securities to solicit transactions are: Broker-dealers, Transfer agents, Registered Representatives, and Trustees. So the correct answer is option D) I, III, and IV.