SIE practice questioneasyNew Account Documentation
When opening a new brokerage account, which of the following is NOT typically required?
- ACustomer's credit score✓ Correct answer
- BSocial Security Number or Tax ID
- CEmployment status and investment objectives
- DCustomer's name and date of birth
Explanation
Why A — Customer's credit score
Credit scores are not required to open a standard brokerage account. Required information includes: name, date of birth, SSN/TIN (for tax reporting under the Patriot Act and IRS requirements), address, employment status, investment objectives, risk tolerance, and financial information. This information is required by FINRA Rule 4512 (Customer Account Information) and SEC regulations.
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