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Series 7 practice questionhardCold Calling Rules and Telemarketing — Required Call Disclosures

During a cold call, which of the following pieces of information must the registered representative provide at the outset of the call to remain in compliance with telemarketing rules?

  1. AThe representative’s name, the firm’s name, and a telephone number/address where the firm can be contacted✓ Correct answer
  2. BThe firm’s privacy policy and a copy of the BrokerCheck brochure
  3. CThe representative’s CRD number and the firm’s FINRA registration status
  4. DA summary of the products being offered and their associated risks
Explanation

Why A — The representative’s name, the firm’s name, and a telephone number/address where the firm can be contacted

Telemarketing regulations require the representative to provide their name, the firm's name, and a contact method (telephone number or address) at the beginning of a cold call. Detailed product info and CRD numbers are not required disclosures at the outset.

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