IRA Lobby Poster Promo
Answer by Randy Carey, BOL Guru Guru Bio
Question: Our marketing person wants to place a poster in each branch to promote IRAs. She found a brochure from a regional bank in which a graph was used to display how an annual contribution of $3,000 at 4% could grow at the start of age 25, in 10 year increments, to the age 65. The 4% does not reflect our current rates offered and IRAs can only be deposited as CDs with terms from 6 - 60 months. Am I working with an ad or just an illustration?
Answer: You are working with an advertisement (the poster), but the chart would appear to be an illustration and would not, by itself, trigger the Reg DD advertising disclosures.
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