Approval and recordkeeping highlights
Registered Principal Approval
- Correspondence – All correspondence is subject to the supervision and review requirements of Rule 3010(d)
- Sales material – each member must establish written procedures that are appropriate to its business, size, structure, and customers for the review by a registered principal of institutional sales material used by the member and its registered representatives.
Record – keeping
- Members must keep records of all institutions sales material in a file for a period of three years. The file must include the name of the person who prepared each item of institutional sales material.
- Members must maintain in a file information concerning the source of any statistical table, chart, graph or other illustration used by the member in communications with the public.