If communication is sent to more than 10 persons, what is true regarding record maintenance by an IA?

In the context of communication sent by an investment adviser (IA) to more than ten persons, the correct information pertains to the requirements for record maintenance. Specifically, when communication is disseminated to a large group, this does not necessitate the maintenance of detailed records for each individual recipient. The regulatory framework, such as that prescribed by the Securities and Exchange Commission and the Investment Advisers Act, does allow for a more streamlined approach in keeping records for broad communications sent to a larger audience.

This means that while the IA must keep records of communications, the emphasis is on the content and nature of the communication rather than on detailed tracking of each recipient. Therefore, option C correctly captures the reality that no individual record-keeping is required for recipients when communications exceed a specific threshold, such as more than ten individuals.

In contrast, other options imply varying degrees of record-keeping that exceed the minimum requirements established by the law. Options suggesting that records must be kept for all recipients or that only details of the communication should be recorded do not align with the general regulatory expectations for broader communications.