Be sure to prepare yourself for Series 6 questions on rules and regulations requiring privacy of data obtained from mutual fund customers, specifically SEC Regulation S-P.
What are the customer's rights when a financial firm, such as a brokerage firm, wants to share certain financial information about the customer with another firm? Can the customer opt out of any sharing?
Suppose the brokerage firm wants to share customer data with an outside firm that handles mailing and communications on behalf of the brokerage firm? Does the customer have a right to opt out?
You should be prepared to answer the above questions when you sit for the Series 6.
PS Watch for Bob Eder's forthcoming book, Study for the Series 6 Exam.
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