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
VIDEO
Since you're reading about Series 24: Customer Identification Verification , you might also be interested in:
Please Enable Javascript
TESTIMONIALS
What are people saying?
I was very impressed with all elements of Solomon's Series 24 offerings. Solomon provided an incredibly organized system for me to utilize, which kept me "on point" and focused. I felt good confidence going into the test because of the structured system that Solomon developed.
I would certainly recommend Solomon to anyone that is taking the Series 24.
William Bundy, Bundy Group. Charlotte, NC
I
would like to say that Solomon test prep had the most varied and comprehensive
test bank I have seen. The questions ranged in difficulty and the answer
feedback was so detailed, that I felt that I was mastering concepts rather than
trying to pin down certain facts in a question just to get the 'one,' answer. I
saw many iterations of the sample examinations, and with the courage to keep
clicking next and learning, I passed with a score I'm more than happy to claim.
Also, the staff are very responsive. I'll be coming back.
Neil, San Diego, CA
I took another vendors 24 course but it did not
compare to how Solomon Exam Prep for Series 24 prepared me. The material
and practice exams, especially the timed exams, were broken up by
sections, similar to the FINRA Exam. This really helped in allowing me to
understand which section(s) I needed to spend more time on/hit harder.
Thank you Solomon!!!
Jim Ruckman, Mass Mutual
I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!
Janie Richards,
Austin, TX
I had tried another learning system before Solomon and walked into the Series 24 unprepared and subsequently failed. After using the Solomon system for three weeks, taking full advantage of the app on my cell phone I walked into my second attempt very prepared for the type of questions I was going to see. Not only did I pass, I did so with confidence. Thanks so much Solomon!
Steven Eisner, Penn Mutual/HTK, Hauppauge, NY
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
Read more reviews
