Series 7 Exam Question 153: Answer and Explanation

Question: 153

Broker-dealers, investment companies, and investment advisers must have written policies designed to protect customers' records and information. This falls under:

• A. Regulation S-P
• B. Regulation D
• C. Regulation M
• D. Regulation T

Correct Answer: A

Explanation:

A. Under Regulation S-P, all broker-dealers, investment companies, and investment advisers must have written policies to protect customers' records and private information. This would include things like social security numbers, bank account numbers, and so on.