Finra Exam Series-7 Topic 6 Question 97 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 97
Topic #: 6

[All Series-7 Questions]

When opening a brokerage account for a customer, a registered representative must determine the customer's:

Ainvestment objectives

Bfinancial resources

Cfinancial requirements

Dall of the above

Show Suggested Answer

Suggested Answer: C

they are adjusted for cash dividends. This is the statement that is ''not'' true.

by Alida at Sep 18, 2024, 10:01 PM

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Dante

1 months ago

Well, if I had a dollar for every time I had to determine a customer's financial profile, I'd be a millionaire by now. Good thing it's a straightforward question!

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Louis

2 days ago

A) investment objectives

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Fidelia

2 months ago

Isn't it funny how they make these questions so straightforward? It's almost like they want us to get them right. I'll take it!

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Corazon

3 days ago

C) financial requirements

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Antonio

14 days ago

B) financial resources

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Georgeanna

14 days ago

C) financial requirements

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Olene

25 days ago

B) financial resources

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Wilda

1 months ago

A) investment objectives

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Charisse

1 months ago

A) investment objectives

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Frederick

2 months ago

Absolutely! Covering all the bases is the way to go. You don't want to miss anything that could impact the customer's financial goals and risk tolerance.

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Lilli

2 months ago

I agree with Mabel. Considering all aspects of the customer's financial situation is essential to provide appropriate investment recommendations and services.

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Irma

1 months ago

D) all of the above

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Lizbeth

1 months ago

C) financial requirements

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Darrin

1 months ago

B) financial resources

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Mi

2 months ago

A) investment objectives

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Option D is definitely the correct answer. As a registered representative, determining the customer's investment objectives, financial resources, and financial requirements is crucial for opening a brokerage account.

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