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?
- AThe representative’s name, the firm’s name, and a telephone number/address where the firm can be contacted✓ Correct answer
- BThe firm’s privacy policy and a copy of the BrokerCheck brochure
- CThe representative’s CRD number and the firm’s FINRA registration status
- 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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