Discuss Finra Series-6 Exam Topic 1 Question 43

Joan is a customer of GetErDone Broker-Dealers. Her twin sister, Jean, has accompanied her to GetErDone's office and has gathered some information regarding opening an account with the firm, giving it her contact information at the same time.

Under Regulation S-P, which of the following statements regarding GetErDone's handling of Joan's and Jean's personal information is true?

AGetErDone must provide Joan with a notification of its privacy policies annually and provide her with information on how to mandate that it not share her nonpublic personal information with nonaffiliated third parties.

BGetErDone can disclose any information that Jean provided them to nonaffiliated third parties since Jean is not a customer of the broker-dealer.

CGetErDone is required to have provided Jean with a copy of its privacy policy when she inquired about opening an account with the broker-dealer.

DAll of the above are true statements.

Suggested Answer: A

Since Joan is a customer of GetErDone, GetErDone must provide her with a notification of its privacy policies annually and provide her with information on how to mandate that it not share her nonpublic personal information with nonaffiliated third parties. GetErDone may not disclose any information about Jean, who is not yet a customer of the firm, unless the broker -dealer has provided Jean with its privacy policy and given her the opportunity to opt out of its ability to share her information with nonaffiliated third parties. GetErDone is not required to have provided Jean with a copy of its privacy policy when she inquired about opening an account, but it will need to provide her with one when/if she becomes a customer.

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15 comments · newest first

Tesha 12 months ago

D is a stretch, not all of them can be true.

Rolland 1 year ago

C sounds right, Jean should get the policy too.

Ashlee 1 year ago

Wait, can they really share Jean's info like that?

Juliana 1 year ago

I disagree, B is misleading.

Katina 1 year ago

A is definitely true, they have to notify Joan.

Holley 1 year ago

I’m leaning towards A being the correct answer, but I’m not entirely confident about the specifics regarding Jean's situation.

Diego 1 year ago

I feel like GetErDone has to provide privacy policies to anyone who inquires, but I can't remember if that includes non-customers like Jean.

Jaime 1 year ago

I think Jean's information might be protected too, but I recall a practice question where only the customer’s info was relevant.

Micaela 1 year ago

I remember something about Regulation S-P requiring annual privacy policy notifications, but I'm not sure if it applies to both Joan and Jean.

Lili 1 year ago

Hmm, I'm a bit unsure about this one. I need to make sure I understand the relationship between ITSCM and BCM before I answer.

Omer 1 year ago

I think the answer is C. That seems like the most comprehensive approach to deploying a Dockerfile on Kubernetes Engine.

An 1 year ago

Option B sounds like it could be right, focusing on aligning information needs with development. But A also seems plausible, covering the overall planning and management of IS. I'll have to weigh the nuances of each choice.

Johnna 1 year ago

This looks straightforward. I think I'll go with option C to delete the record with CustomerID 12345.

Merri 1 year ago

I think the answer might be "dedicated." I remember studying single-tenant versus multi-tenant architectures.

Lanie 1 year ago

Key strategy: Read carefully. They're talking about consistent testing methodology, not revealing exactly what you'll test. I'll choose True.

Finra Series-6 Exam - Topic 1 Question 43 Discussion