Some applicants foolishly go into the Series 6 exam without being adequately prepared on the regulations regarding the opening of accounts for customers. I mean specifically, the Bank Secrecy Act, the Anti-Money Laundering Compliance Program, and Regulation S-P governing the privacy of consumer financial information. Don't sit for the Series 6 exam unless you are conversant and familiar with these regulations.
PS Watch for Bob Eder's forthcoming book, Study for the Series 6 Exam.
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