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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Lilli

14 days 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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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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