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 79 - A1.6.1.1. Convertible Bonds

Series 24 - 1.2.3.3.1. General Securities Representative (Series 7)

Series 79 - Resales by Control Persons Selling Restricted Securities

Series 24 - 1.2.2.1.2. Other Registration Forms

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

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

So thankful for Solomon, passed my s6 ! After failing twice on other testing website . Using Solomon help me master the testing questions

Seara Izakson, Primerica, Orlando, FL

My sincere thanks and appreciation to the team at Solomon. I've used your materials to pass the SIE and Series 6, both on the first try, and today with your help, I have passed the Series 26 exam on the first try as well! Thank you for the excellent materials and assistance!

Kristina Ribali, MWA Financial Services. Ave Maria, FL

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

I utilized the Solomon SIE and Series 6 Top-Off study guide package. I passed on the first time by following the exact recommendations. While the test is different than the study exam questions it covers the content in a detailed way preparing you to successfully pass the exam. Great product and customer service!

Michael Gehrich, Allstate Insurance, Ft Myers, FL

For the Series 6 exam, I used the Solomon 4-week study schedule. I really didn't do anything special, I just stuck to the study schedule each day. I used the app on my phone quite a bit for convenience.

The Solomon Live Class was timed perfectly one week prior to my exam, so it turned out to be somewhat of a review session, which is what I had hoped it would be. The concepts covered in the Live Class were helpful because McCallister broke them down into plain English and real-world examples.

The one place I varied from the study schedule was in the number of times I took the Exam Simulator. I took the Exam Simulator Practice Test 36 times and monitored my Pass Probability. Once I had my Pass Probability at 90%, I felt I was ready.

Arthur Priddy, Farmers Insurance. Jackson, Tennessee