Series 7 practice questioneasyCold Calling Rules and Telemarketing — National Do Not Call Registry
What must a broker-dealer do before making a telemarketing call to a new potential client?
- AWait for the client to call the firm first
- BObtain prior written permission from the potential client
- CSend a prospectus before calling
- DVerify that the potential client's number is not on the National Do Not Call Registry✓ Correct answer
Explanation
Why D — Verify that the potential client's number is not on the National Do Not Call Registry
Firms must check the National Do Not Call Registry and their own internal do-not-call list before making a cold call.
Turn it into reps
Reading one answer is not the same as being ready
Lucky the Banker is a free practice app with 758+ Series 7 questions, weak-area tracking, and timed mock exams. No credit card, no paywall.
Spot an error in this question or explanation? Tell us — we fix these fast.
Related Seeks Business for the Broker-Dealer questions
- If an individual asks not to be called again by a firm, what is the firm required to do?
- Which of the following pieces of information must be provided at the beginning of every cold call?
- Which of the following people may be called even if their number is on the National Do Not Call Registry?
- During what hours (in the recipient’s local time) may a registered representative make unsolicited telemarketing calls…
- How long must firms retain records of their telemarketing policies and procedures?
- A registered representative is prospecting a high-net-worth individual who expresses strong interest in municipal bonds…
- Who is permitted to make cold calls soliciting securities business for a broker-dealer?
- A registered representative hosts a public seminar and distributes approved sales literature and business cards.…
