A registered representative (RR) opens a new account for a customer whose investment objectives are...

Vendor: FINRA
Product: SIE
Update on: Feb 18, 2026
Questions: 266

FINRA SIE Question Answer

A registered representative (RR) opens a new account for a customer whose investment objectives are growth and income. She makes an initial deposit of $5,500 using a series of money orders drawn from different sources, and she makes no investments for the first 30 days the account is open. At the end of that time, the customer asks to have the funds wired to an account at a different firm as her needs have changed. The RR's first course of action should be to:

Deny the request.

Freeze the account.

Report internally as a suspicious activity.

Accept the instructions and wire the funds.