Series 7 practice questionmediumCold Calling Rules and Telemarketing — Permissible Practices
A registered representative receives a lead from a third-party vendor. Before calling the lead, what must the representative verify?
- AThat the lead has no existing brokerage account
- BThat the lead has received marketing materials in the mail
- CThat the lead resides in the same state as the representative
- DThat the lead is not on the national or internal Do-Not-Call lists✓ Correct answer
Explanation
Why D — That the lead is not on the national or internal Do-Not-Call lists
The representative must check both the national and internal Do-Not-Call lists before making a solicitation call to avoid violations.
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