Series 63 practice questionmediumClient Information for Suitability
Before making recommendations, agents must gather which of the following client information to meet suitability standards under the USA?
- AFinancial situation, investment experience, and investment objectives✓ Correct answer
- BOnly the client's age
- COnly the client's employment status
- DOnly the client's marital status
Explanation
Why A — Financial situation, investment experience, and investment objectives
Suitability requires consideration of all relevant financial and investment factors (USA Section 402). Focusing solely on age, employment, or marital status neglects key suitability components.
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