Series 6: 2.1.1.4. Know Your Customer Rule

Taken from our Series 6 Top-off Online Guide

2.1.1.4. Know Your Customer Rule

The Know Your Customer rule requires broker-dealers to use “reasonable diligence” to collect essential customer information when an account is opened. The rule requires that firms check customers’ identities, investment histories, investment objectives, and sources of funds. This information provides the broker-dealer with some assurance that its customers are not laundering money and assists the broker-dealer in making suitable recommendations.

If the customer does not provide all the information required on a new account form, the account may still be opened, as long as the firm collects certain essential facts. These i

+ Read More

More Series 6 Info

What are people saying?

Create an Account

Since you're reading about Series 6: 2.1.1.4. Know Your Customer Rule, you might also be interested in:

Series 65 - Exercise

Series 66 - Taxation of Annuities

Series 66 - Exercise

Series 6 - 8.4.2. Adjustment of Open Orders

Series 50 - LGIP Operations and Fees

Series 27 - Special Margin Credit

Series 50 - Financial Advisors

Series 63 - Exercise

Series 66 - General and Limited Partnerships

Series 3 - 7.1.1.1. Guaranteed Introducing Broker Registration

Series 66 - Client Profiles

Series 65 - 9.2.2. Other Penalties and Liabilities

Series 53 - 6.3.1.2. Ledger Account Records

Series 14 - 8.5.2.2.3. Margin Agreements

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I have now used Solomon for the SIE, series 6, and 63. I am ordering my 7 materials now. The structure and resources are right on target. The practice exams are more difficult than the exam which makes taking the exam much easier. I give all of the credit to Solomon for my 100% pass rate so far. I recommend Solomon to all of my coworkers.

Alex Coyne, Northwestern Mutual. Pensacola, FL

I was struggling with my Series 6. I was referred to Steve Kaplan by a colleague. Steve told me to throw away my other study materials from the other school and use the Solomon Products. I found the information to be easier to understand. Along with Steve's test taking tips, I passed my Series 6 with no problem

Ruby Crenshaw, The Crenshaw Agency. Atlanta, GA

I have passed the Series 6, 63, and 26 on my first tries, all with the excellent training offered by Solomon. I'll never use another platform for my material.

Jodee Hempel, Woodmen Financial Services. Omaha, NE

Thanks so much for your great product. I recently used for the Series 6 and took a month to study and passed. I previously used another provider and didn't pass.

K Francis, Allstate, Sugar Land,TX

After failing the SIE with a different study company, I passed after using Solomon! I then passed the S6, S63 and S65 on the first try after studying with Solomon materials! I loved how easy the material was to comprehend and the practice tests were amazing! I felt well prepared for each test! Thank you Solomon!

Sara Hays, State Farm. Atascadero, CA

After multiple failed attempts at the Series 6, I felt somewhat defeated. I reached out to Solomon for guidance and I was more than impressed with the response I received. The study material was outstanding and the program structure is truly designed to help you pass! Jeremy Solomon was truly my biggest fan and I can't thank him enough for his help! Solomon is by far the best company out there for test preparation; don't waste any more money on the others this is all you will need to pass!

Tory Hamlin, Agency Owner, Jacksonville, FL