Customer Identification Verification
The U.S. Patriot Act requires member firms to use the name, address, date of birth, and social security number or tax identification number to independently verify the identity of the customer. This verification can be done with a current driver’s license, passport, or another government-issued identification (a social security card is not acceptable). The verification must be done within a reasonable amount of time after opening the account. The member firm is also required to check if the person is on a known or suspected terrorist list provided by the Office of Foreign Assets Control (OFAC).
These rules are included to detect and deter money laundering and the funding of terrorist organizations.
Records relating to the identification verification must be kept at least five years.
Required Information for New Account
Minimum Required Information
Customer ID Verification Information
Customer Suitability Information
Name
x
x
Residential Address
x
x
Social Security or Tax ID
x
x
Date of Birth
x
x
Registered Rep Responsible for Account
x
Principal’s Signature
x
Occupation and Empl
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I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!
Janie Richards,
Austin, Texas
Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.
Eric Altmann
I really liked the Solomon study materials. They did a really nice job of explaining the material in plain language. I have a really long commute and the audio books came in really handy!! I would recommend the Solomon study materials!
Jessie Urban, Securities America Inc, LaVista, NE
3rd time is a charm and
it took Solomon to do it. None of the other materials in my first two attempts
were strong enough to enable me to reason my way to the correct answers.
Solomon's angle on this material was closest to the actual test and was the
reason I got there.
As an aside, the ongoing personal help was very
surprising and commendable. Thank you, Solomon!
Jason Bowen,
Southington, CT
I passed the S24 today with a score of 80. Your study guide is great!!!
A.T.
I took my Series 24 on July 28 and passed!! I had not passed 2 prior Series 24 exams and was down to my last attempt. A fellow principal on my team who had not passed his Series 24 his first time told me about the Solomon practice tests and how they helped him. It was such a big help for me passing exam as the questions were structured more like the real exam than any other practice tests I’ve taken. I have since gone to other employees at my firm for other tests, such as the Series 7, SIE among others and have told them about the Solomon test materials and some of them are now purchasing Solomon as well.
Thadius Beavers, Prospera Financial. Dallas, TX.
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