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.

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