SERIES 6 CANDIDATES! KNOW THE REQUIREMENTS WHEN OPENING ACCOUNTS FOR CUSTOMERS!

Planning to sit for the Series 6 Exam? Then be prepared for questions on Opening Customer Accounts, including the necessary items required for accepting a new customer.

FINRA publishes a Content Outline for the Series 6 Exam, and Section 2.1 specifically talks about the requirements for opening customer accounts. Therefore FINRA is telling us that the Series 6 Exam will include questions on opening such accounts.

Bob Eder in his Study for the Series 6 Exam discusses the customer account  requirements in Chapter Four.

The SEC also publishes a list of these requirements. Here is what the SEC says at 

(https://www.sec.gov/oiea/investor-alerts-bulletins/investoralertsib_openbrokerageaccount):

"Information You Will Need to Provide

"Brokers generally request personal information from their customers, including financial and tax identification information. Brokers need this information to comply with laws and other regulations. Some of the information a broker will likely ask you to provide includes:

  • Your name
  • Social security number (or taxpayer identification number)
  • Address
  • Telephone number
  • E-Mail address
  • Date of birth
  • Driver's license, passport information, or information from other government-issued identification
  • Employment status and occupation
  • Whether you are employed by a brokerage firm
  • Annual income
  • Net Worth
  • Investment objectives and risk tolerance . . . "

Study for the Series 6 Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's Study for the Series 6 Exam on Amazon.

See Bob Eder's Author Page on Amazon.com. 


For questions about Bob Eder's Study for the Series 6 Exam, or questions in general about the Series 6 Exam, or about Opening Customer Accounts, simply 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.

Please consider writing a review of Bob Eder's Study for the Series 6 Exam on both Amazon and Goodreads. Your review is important!


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