Under Federal regulations and FINRA rules regarding Customer Identification Programs (CIP), member firms must collect specific foundational information prior to opening a customer account. Which of the following details are mandatory minimum information elements required to be collected from a U.S. individual customer? Select ALL that apply.
- Date of birthCevap
- Taxpayer Identification Number (such as a Social Security Number)Cevap
- CContact details for two personal character references
- DCopy of the customer's most recent federal income tax return
Cevap
The correct mandatory minimum information elements required under CIP rules are Date of birth and Taxpayer Identification Number (such as a Social Security Number).
Under FINRA and Treasury CIP regulations, broker-dealers must verify customer identity by obtaining four key items before account opening: legal name, date of birth, physical residential/business address, and a taxpayer identification number (such as an SSN). Therefore, selecting Date of birth and Taxpayer Identification Number correctly identifies the required minimum elements.
Adım Adım Çözüm
Anahtar Kavram
Customer Identification Program (CIP) Minimum Information Requirements