SIE Understanding Trading, Customer Accounts and Prohibited Activities Question 22: Answer and Explanation

Question: 22

Which of the following is forbidden to unregistered persons?

• A. Receiving compensation from a member firm based on securities accounts or transactions
• B. Inquiring whether the customer wishes to receive investment marketing materials
• C. Inviting the customer to a firm-sponsored golf tournament
• D. Asking whether the customer would like to discuss investments with a registered person

Correct Answer: A

Explanation:

A: Choice A is forbidden to an unregistered person. Choices B, C, and D are allowed actions by unregistered persons.