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← Series 7: Seeks Business for the Broker-Dealer
Series 7 practice questioneasyProspecting and Cold Calling 1

Under the Telephone Consumer Protection Act, a retail cold call may be placed only between:

  1. A8:00 a.m. and 9:00 p.m. local time✓ Correct answer
  2. B7:00 a.m. and 10:00 p.m. Eastern time
  3. C9:00 a.m. and 5:00 p.m. local time
  4. D8:00 a.m. and 8:00 p.m. Eastern time
Explanation

Why A — 8:00 a.m. and 9:00 p.m. local time

Telephone solicitations are limited to 8:00 a.m. through 9:00 p.m. in the customer’s local time zone. The rule is designed to protect retail customers from intrusive calls outside ordinary hours.

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