Security Exam Chapter 15

All documents are to be maintained readily accessible for the first ______ years.

Customer account information must be updated every ________ months.

_________________________ is any communication sent to 25 or fewer prospective retail customers within a 30-calendar-day period.

Under the communication rules, group email sent to more than 25 retail investors is considered _________________.

True or False: Under Regulation SP, requiring a client to write a letter to opt-out of information sharing is allowed.

• True

• False

_{True or False: On request, institutional communication may be provided to a retail client.}

• True

• False. Institutional communication may never be provided to a retail investor.

If a firm acts in an agency capacity, the _______________ must be disclosed on a confirmation.

True or False: An RR may send a confirmation for a trade he believes will occur soon.

• True

• False. Trade confirmations may only reflect actual transactions.

True or False: A business continuity plan must address how a firm will communicate with its clients and employees.

• True

• False

RRs who make recommendations that require continued purchases must consider their client's ________________.