FINRA Securities Industry Essentials Exam (SIE) SIE Question # 52 Topic 6 Discussion
SIE Exam Topic 6 Question 52 Discussion:
Question #: 52
Topic #: 6
SEC Regulation S-P (Consumer Privacy) requires certain information to be included in privacy notices delivered to customers of broker-dealers (BDs). Which of the following information is required to be included in the privacy notice?
A.
The website and telephone number of SIPC
B.
The website and telephone number of the Consumer Financial Protection Bureau (CFPB)
C.
The name and telephone number of the BD ' s chief compliance officer
D.
The BD ' s policies and practices for protecting the customer ' s nonpublic personal information
Regulation S-P mandates that broker-dealers disclose how they collect, protect, and share customers’ nonpublic personal information. The privacy notice must include:
The categories of information collected.
The firm’s policies for safeguarding data.
Opt-out rights for sharing information with unaffiliated third parties.
D is correct because privacy notices must describe policies for protecting customer information.
A, B, and C are incorrect because they do not relate to the required elements of Regulation S-P privacy notices.
Chosen Answer:
This is a voting comment (?). You can switch to a simple comment. It is better to Upvote an existing comment if you don't have anything to add.
Submit