SIE - Securities Industry Essentials Exam
All of the following are TRUE of a broker-dealer holding a customer's mail EXCEPT
The customer must provides written instructionsA
The customer includes an acceptable reason if mail is to be held for longer than three consecutive monthsB
The broker-dealer informs the customer in writing about alternate methods that the customer can use to monitor account activityC
The customer wants their mail held out of convenience for 6 months and has provided written instructions stating itD
Convenience is not an acceptable reason for holding customer mail for longer than 3 months per FINRA rule 3150.