SIE Exam Question 804: Answer and Explanation

Question: 804

Client information must be kept confidential unless which of the following circumstances apply?

• A. The information is needed to establish an advisory or brokerage account.
• B. The information is required in response to proper legal process.
• C. The information is in connection with a civil dispute between the adviser and the client.
• D. All of the above are correct.

Correct Answer: D

Explanation:

Client information must be kept confidential unless the information is needed to establish an advisory or brokerage account, the information is required in response to proper legal process, or the information is in connection with a civil dispute between the adviser and the client.