Series 7 practice questionmediumMarketing and Prospecting — Cold Calling Rules
A registered representative plans to cold call prospective clients. Which of the following best describes a requirement under the Telephone Consumer Protection Act?
- ARepresentatives do not need to provide their name during the call.
- BThe caller must leave a recorded message if there is no answer.
- CCalls may only be made between 8:00 am and 9:00 pm local time of the recipient.✓ Correct answer
- DA do-not-call list must be maintained for only 6 months.
Explanation
Why C — Calls may only be made between 8:00 am and 9:00 pm local time of the recipient.
The Telephone Consumer Protection Act requires calls to be made only between 8:00 am and 9:00 pm local time of the person being called, and the firm must maintain a do-not-call list.
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