Series 7 practice questionmediumCold Calling Rules and Telemarketing — Caller ID Requirements
When a broker-dealer makes telemarketing calls, what must be displayed on the recipient’s caller ID?
- AThe broker-dealer’s name and a number that can be called back during business hours✓ Correct answer
- BAny number, as long as the representative identifies themselves verbally
- CThe registered representative’s personal phone number
- DA toll-free number only
Explanation
Why A — The broker-dealer’s name and a number that can be called back during business hours
Telemarketing rules require the display of the firm’s name and a callback number that can be reached during business hours.
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