Series 7 practice questioneasyReferral Fees — Permitted Activities
Which activity is NOT permitted for an unregistered bank employee in a broker-dealer networking arrangement?
- AProviding customers with a broker-dealer’s business card
- BDiscussing specific investment products with customers✓ Correct answer
- CReferring customers to the broker-dealer for a fee
- DExplaining that investment services are available at the bank
Explanation
Why B — Discussing specific investment products with customers
Unregistered bank employees may not discuss specific investment products; only registered representatives can provide such information.
Turn it into reps
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