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.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 755+ Series 7 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Related Seeks Business for the Broker-Dealer questions
- If a customer requests in writing to be added to a firm's internal Do-Not-Call list, what must the firm do?
- Which of the following is required if a broker-dealer uses prerecorded telemarketing messages?
- A registered rep calls a person on the national Do-Not-Call list at 8:30 AM local time. The person had inquired about…
- How long must a broker-dealer maintain records of its telemarketing policies and procedures?