Question: As defined by FINRA, the term retail communication includes all of the following, EXCEPT: AAn e - mail that's sent to 1 5 retail customers

As defined by FINRA, the term "retail communication" includes all of the following, EXCEPT:
AAn e-mail that's sent to 15 retail customers and 30 institutional investors
BAn advertisement that's broadcast on television
CAn advertisement that's broadcast on the radio
DAn e-mail that's sent to 10 retail investors and 20 prospective retail investors

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