Customer identification, privacy, account authorizations, and suspicious activity
Free FINRA Series 6 (Investment Company and Variable Contracts Products Representative) lesson in Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives. 10 min read, ~1,463 words.
The CIP requires four identifiers before opening: name, date of birth, physical address, and taxpayer ID (SSN or ITIN); a non-US person may use a passport number and country. FINRA Rule 2090 (Know Your Customer) requires reasonable diligence to know the essential facts about every customer at account opening and...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- B4
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