Series 7 practice questionmediumCold Calling Rules and Telemarketing — Recordkeeping Requirements
How long must a broker-dealer maintain records of its telemarketing policies and procedures?
- A2 years from the date the record was made
- B3 years from the date the record was made✓ Correct answer
- CIndefinitely
- D5 years from the date the record was made
Explanation
Why B — 3 years from the date the record was made
FINRA requires retention of telemarketing records and procedures for at least 3 years from the date of creation.
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