Series 7 practice questionmediumCold Calling Rules and Telemarketing — Exceptions to Do-Not-Call Restrictions
A registered rep calls a person on the national Do-Not-Call list at 8:30 AM local time. The person had inquired about opening an account online 3 months ago but did not complete the application. Is this call permissible?
- ANo, because the inquiry did not result in an account opening
- BYes, because the inquiry established a business relationship within the past 3 months✓ Correct answer
- CNo, because the call was made before permitted hours
- DYes, because the call was made during permitted hours
Explanation
Why B — Yes, because the inquiry established a business relationship within the past 3 months
A person who made an inquiry within the past 3 months is considered to have an established business relationship, allowing calls even if on the Do-Not-Call list.
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