SIE practice questionmediumSEC Customer Identification Program
Under SEC rules, what document must a brokerage firm obtain before opening a new account?
- ACustomer’s government-issued ID✓ Correct answer
- BMedical records
- CCredit card statement
- DCollege transcripts
Explanation
Why A — Customer’s government-issued ID
The firm must verify identity using government-issued ID under the Customer Identification Program. Medical, credit, and academic records are not required.
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