Podcast
Questions and Answers
- A retail investor opens an account at your firm but only provides the minimum information and states she does not want to provide financial information or objectives. Which of the following statements best describes the responsibilities of the registered representative handling the account?
A. Recommendations can be made because the customer decides whether or not to accept them.
B. The account cannot be opened without financial and nonfinancial information.
C. Only unsolicited trades can be made in this account.
D. The representative is limited to investment company recommendations only.
- A retail investor opens an account at your firm but only provides the minimum information and states she does not want to provide financial information or objectives. Which of the following statements best describes the responsibilities of the registered representative handling the account? A. Recommendations can be made because the customer decides whether or not to accept them. B. The account cannot be opened without financial and nonfinancial information. C. Only unsolicited trades can be made in this account. D. The representative is limited to investment company recommendations only.
- Which of the following is not required information for a customer identification program?
A. Address
B. Place of birth
C. Social Security number or tax ID
D. A valid, government-issued photo ID
- Which of the following is not required information for a customer identification program? A. Address B. Place of birth C. Social Security number or tax ID D. A valid, government-issued photo ID
- Disclosure of a firm's policies and procedures regarding customer privacy must be made no later than
A. when the customer relationship is established.
B. annually on the account anniversary.
C. annually within 30 days of the beginning of the calendar year.
D. annually within 30 days of the firm's fiscal year
- Disclosure of a firm's policies and procedures regarding customer privacy must be made no later than A. when the customer relationship is established. B. annually on the account anniversary. C. annually within 30 days of the beginning of the calendar year. D. annually within 30 days of the firm's fiscal year
