SIE - Securities Industry Essentials Exam

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All of the following are TRUE of a broker-dealer holding a customer's mail EXCEPT

The customer must provides written instructions
The customer includes an acceptable reason if mail is to be held for longer than three consecutive months
The broker-dealer informs the customer in writing about alternate methods that the customer can use to monitor account activity
The customer wants their mail held out of convenience for 6 months and has provided written instructions stating it


Convenience is not an acceptable reason for holding customer mail for longer than 3 months per FINRA rule 3150.