SECURITIES INDUSTRY ESSENTIALS (SIE) EXAM ASKS QUESTIONS REGARDING PRIVACY REQUIREMENTS FOR CUSTOMERS' FINANCIAL INFORMATION

The SIE Exam tests candidates on privacy rules that registered reps must observe for maintaining the confidentiality of financial information and financial status of customers. How do we know this? FINRA publishes a Content Outline for the SIE exam, and Section 3.2.4 of the Content Outline lists the privacy requirements and Regulation S-P as important for the exam.

Bob Eder in his SIE guide, Study for the Securities Industry Essentials (SIE) Exam, discusses privacy requirements in detail. Here is a sample of Bob Eder's discussion:

Regulation S-P

The SEC has adopted Regulation S-P to assure that broker/dealers and investment advisory firms, as well as other firms that collect sensitive financial information of customers, comply with the law on safeguarding the privacy of personal non-public financial information. The notice must be easy to understand, conspicuous, not camouflaged in small type or font. It must be sent to all persons with whom a financial firm initiates or maintains a customer relationship.

Here is the link to FINRA's Content Outline for the SIE Exam. See the references to Maintaining Confidentiality of Customers' Financial Information in  FINRA's Content Outline, Section 3.2.4.

Study for the Securities Industry Essentials (SIE) Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's book on Amazon.

For questions about Bob Eder's Study for the Securities Industry Essentials (SIE) Exam, or questions in general about the SIE exam, or about Maintaining Confidentiality of Customers' Financial Information, feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. See Bob Eder's Author Page on Amazon.com.

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