SIE Understanding Trading, Customer Accounts and Prohibited Activities Question 15: Answer and Explanation

Question: 15

Which of the following best describes nonpublic personal information (NPI)?

• A. Personally identifiable information that would be obtained in the course of serving a financial services consumer, but which may be publicly available
• B. Personally identifiable information that is publicly available, and that is kept in a company's nonpublic storage area
• C. Personally identifiable financial information that a financial firm obtains in the process of serving a consumer with a financial product or service unless that information is otherwise publicly available
• D. Personally identifiable financial information that specifically relates to a financial service consumer's real estate property purchase price

Correct Answer: C

Explanation:

C: Choice C describes nonpublic personal information (NPI). Choices A, B, and D fail to describe NPI because they include information that may be publicly available.