Question

A group of RRs at the firm have put together an investment seminar which targets seniors. For this seminar, several of the RRs have created brochures and business cards which state that these reps are "specialists in matters of retirement and senior investing". How should this scenario be handled by the firm's marketing and compliance departments?[A] As long as FINRA approves the titles for each rep, the firm's marketing and compliance departments should not object.[B] As long as the designations have been granted by an organization and each representative is a current member who holds the designations, the firm's marketing and compliance departments would approve.[C] As long as the reps have taken a course and passed an exam at one point, they may claim the titles listed and the marketing and compliance departments should not object.[D] Under no circumstances would claiming such titles be appropriate, so the firm's marketing and compliance departments should object to the use of the titles.

Answer 1

B) As long as the designations have been granted by an organization and each representative is a current member who holds the designations, the firm's marketing and compliance departments would approve.

Step-by-step explanation:

First of all, the RRs that are claiming to be "retirement or senior investing specialists" must be members of the organization which grants the title and the RR must hold the designation.

FINRA has nothing to do with such designations, since such designations are made by the College of Financial Planning.