Question

A registered representative in your office wants to sell an issue of a private offering for another firm. This would be allowed if all of the following provisions are met except(A)written notice is filed with FINRA(B)the member firm provides written approval for the transactions(C)the private offering has satisfied SEC and state requirements(D)information related to the offering is provided to the RR's broker/dealer upon request

Answer 1

A) written notice is filed with FINRA

Step-by-step explanation:

FINRA doesn't get involved in this level of transactions.

The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.