Customer Identification Verification
The U.S. Patriot Act requires member firms to use the name, address, date of birth, and social security number or tax identification number to independently verify the identity of the customer. This verification can be done with a current driver’s license, passport, or another government-issued identification (a social security card is not acceptable). The verification must be done within a reasonable amount of time after opening the account. The member firm is also required to check if the person is on a known or suspected terrorist list provided by the Office of Foreign Assets Control (OFAC).
These rules are included to detect and deter money laundering and the funding of terrorist organizations.
Records relating to the identification verification must be kept at least five years.
REQUIRED INFORMATION FOR NEW ACCOUNT
MINIMUM REQUIRED INFORMATION
CUSTOMER ID VERIFICATION INFORMATION
CUSTOMER SUITABILITY INFORMATION
Name
x
x
Residential Address
x
x
Social Security or Tax ID
x
x
Date of Birth
x
x
Registered Rep Responsible for Account
x
Principal’s Signature
x
Occupat
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Studying for the 24 was not easy. I felt Solomon's course materials and online portal prepared me well for passing the exam in the first try. The study material was NOT overwhelmingly thrown together and I found the study program to be manageable and focused. Got me through the study period of about 4-5 weeks. I would recommend Solomon over the other courses.
Ajay A, CT, Series 24
I wanted to let you know I passed the exam [Series 24] this morning! The practice exams were invaluable. Thank you for your extra help and suggestions. I have recommended this to two of my co-workers who will be taking the Series 7 this year. I will say, the 24 was worded so tricky. And so much irrelevant info put into the questions. I had to write down pieces of the question to get the gist of what it was asking. Very purposfully confusing. But it's over and I'm thankful for your product. Thx again
Karmen Richards, Multi Financial Securities, Greensboro, NC
I stuck to the outline day by day and it really helped me with sticking to a routine and curriculum. I passed the Series 24 on my 1st try! Would definitely recommend this to anyone in the Securities Industry.
Rima Mehta, PNC Investments, Charlotte, NC
I passed the 24 the first time with the help of the Solomon materials. The online course and the exams really helped focus in and clarify what was important. I've recommended them to all of my colleagues!
Corrinne Kaucher
Stick to the plan and pass! 4 times in a row, 7, 63, 24 and now 79. You can't beat the Solomon materials.
Eric Altmann
I would just like to say that Solomon’s customer service was excellent. The material was clear and easy to understand and I feel that it prepared me extremely well for my exam. I found the study outline to be the most helpful in keeping me on track. I would definitely refer the material to anyone taking the Series 24.
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