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Rules

FINRA Rule 2210(d)(6)

Governs testimonials about technical aspects of investing, investment advice or investment performance included in communications with the public.

Rule Overview

Jurisdiction: United States

Regulator: FINRA

Topic: Recordkeeping

Overview
Rules in This Collection
Latest News
Further Reading

The rule targets both persons providing a testimonial as well as the retail communications or correspondence including a testimonial.

A person providing any testimonial in a communication that concerns a technical aspect of investing must have the knowledge and experience to form a valid opinion.

Retail communications or correspondence that provide (include) any testimonial concerning:

  • investment advice
  • investment performance

of a member or its products must prominently disclose that the testimonial:

  • may not be be representative of the experience of other customers
  • is no guarantee of fuutre performance or success
  • is a paid testimonial if more than $100 in value is paid for it
Rules in This Collection
FINRA Rule 2210
FINRA Rule 2210(d)(6) This Rule
Latest News More on FINRA Rule 2210 

Further Reading

Communications with the public rules reference guide Go to https://www.finra.org/sites/default/files/2020-09/communications-public-rules-reference-guide.pdf JD Supra FAQs about FINRA Rule 2210 Go to https://www.jdsupra.com/post/fileServer.aspx?fName=9c2b7c88-1f35-424d-8f1d-eee2bd79fabe.pdf