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FINRA Series 7

Category - Series 7

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Upon opening a new account for a customer, a registered representative should:

inquire about age
investigate the customer’s credit rating
determine what is suitable for the customer based upon his financial background
all of the above

Explanation

Answer: D - all of the above. These are required I Rule 405 of the NYSE and under suitability requirements in the Rules of Fair Practice of the FINRA.

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FINRA Series 7

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FINRA Series 7

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