I just may be a little rusty on FINRA, but comment cards really need FINRA approval???
I’m with Wet on this. You can’t file EVERYTHING. Even Jones would run out of money with all of the crap they have.
11,000 advisors doing seminars? Forget it.
Funny thing about the fishbowls. I used to drop my Edward jones card in there and while my hand was in pull a handful of business cards out.
[quote]Funny thing about the fishbowls. I used to drop my Edward jones card in there and while my hand was in pull a handful of business cards out.[/quote]
You’ve never seen a cattier bunch of biotches than an advisor accusing another advisor of poaching their fishbowl. Man oh man, talk about high quality drama back in the P1 days!
I guess I must have worded the phrasing wrong on the FINRA thing. You know at the bottom of your e-mail footers where it has the disclosure saying “Blah blah blah, James Edwards Investments offers security products. Member FINRA and SIPC”? Well that thing has to be on the comment cards, so I assumed FINRA or someone needs to approve the format before you can go slingin the comment card at various establishments.
No, they don’t need to be filed. Generally advertisements involving Mutual Funds, ETFs, and other Investment Company securities need to be filed. The comment card will need to fit industry standard formats, and can always be flagged as concerning during a FINRA audit, but doesn’t need to be filed.
Filing usually costs $100, more if it is a mutlipage advertisment / complex / in a rush.
Of course I know they were lying… it was just the pure ridiculousness of it that peturbed me. I found a fishbowl with an ameriprise sign on it and used the same gist of language as a guide, so I know it wouldn’t be something completely off base. However sometimes the “do not do business dept” takes things a little far with their justifications for things.