Q:

Under the Telephone Consumer Act of 1991, a telemarketer must provide which of the following to a called prospect?
I. His/her name
II. Source from which the calling company obtained the called party’s phone number and name
III. Purpose of call
IV. Phone number and address of company making the solicitation call

a) II, III, IV
b) I, II, III, IV
c) I, III
d) I, III, IV

A:

The correct answer is d.
All the choices except II are specific requirements of the Act. In addition, the law places time-of-day restrictions on cold calling. Telemarketers must also be trained in using and updating the company’s “do not call” list.


MORE FAQS

  1. Which of the following are not types of open-end management investment companies ...

  2. Which of the following are tools that are employed by the Federal Reserve in its efforts to control the money supply?

  3. Which of the following statements is (are) true with respect to setting the proper constraints in managing ...

  4. Which TWO statements are TRUE about writing covered calls? I ...

  5. Which of the following signatures are required on a client’s new account form ...

  6. Which statements about common shareholder rights are FALSE? I. A shareholder may exchange shares to ...

  7. Which of the following statements is (are) true with respect to the calculation of returns of composites ...

  8. Under the Uniform Securities Act, which of the following are defined as securities ...

  9. Which of the following statements is (are) true with respect to the factors that a manager must take ...

  10. If a sales representative moves from one broker-dealer to another ...

  11. A margin account has a long market value of $12,000, a debit balance of -$6,000 ...

  12. Federal covered securities are subject to which of the following requirements ...

  13. Which of the following, under the NASD Conduct Rules, would constitute a complaint ...

  14. Under the Uniform Securities Act, registration with the Administrator as an investment adviser is required ...

  15. If a person's account is frozen, which of the following activities is allowed ...

  16. How many attempts at each CFA exam is a candidate permitted?

  17. What's the average salary of a financial advisor?

  18. Why is Hong Kong considered a tax haven?

  19. Is smart beta cheaper than hedge funds?

RELATED FAQS

  1. Which of the following are not types of open-end management investment companies ...

    The correct answer is d) Hedge funds are extremely aggressive entities that engage in margin and short-selling.  They are ...
  2. Which of the following are tools that are employed by the Federal Reserve in its ...

    I. Moral suasionII. Changing the discount rateIII. Changing the reserve requirementIV. Changing the prime interest rate A. ...
  3. Which of the following statements is (are) true with respect to setting the proper ...

    The correct answer is: d) Choice II is incorrect because the longer the investment horizon, the less emphasis must be placed ...
  4. Which TWO statements are TRUE about writing covered calls? I ...

    The correct answer is c) I is incorrect because there is no margin requirement. III is incorrect because a call writer must ...
  5. Which of the following signatures are required on a client’s new account form ... ...

    The correct answer is B. While local practices of a broker-dealer might require the client to sign the form, even when opening ...
  6. Which statements about common shareholder rights are FALSE? I. A shareholder may ...

    The correct answer is a. I should be the the other way around: convertible bond holders can exchange their bonds for shares. ...
RELATED TERMS
  1. Telemarketing

    The act of marketing goods or services to potential customers ...
  2. Time-Of-Day Order

    An order to buy or sell an asset that is placed at a specific ...
  3. Cold Calling

    The solicitation of potential customers who were not anticipating ...
  4. Basel III

    A comprehensive set of reform measures designed to improve the ...
  5. Schedule II Bank

    A bank which is a subsidiary of a foreign bank and authorized ...
  6. Dialing and Smiling

    A telemarketing technique in which unsolicited, or "cold" calls, ...
Hot Definitions
  1. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  2. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  3. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  4. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  5. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  6. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
Trading Center