3.6.4.3. Communications that Include a Recommendation
Any retail communications that contain recommendations must disclose certain conflicts of interest. These include:
• Whether the firm is a market maker in the recommended security
• Whether the firm is a market maker in the underlying security of an option (for option transactions only)
• Whether the firm was a lead underwriter on an offering of the recommended security
• Whether the firm or any associated person who is responsible for the content h