Can a firm hire unregistered individuals whose sole function will be to cold call potential customers?
Member firms may employ unregistered individuals for the purposes of: Extending invitations to firm-sponsored events at which presentations and account or order solicitation will be conducted by appropriately registered personnel; Inquiring whether the prospective customer wishes to discuss investments with a registered person; Determining whether the prospective customer wishes to receive investment literature from the firm. The firms employing unregistered persons to perform these functions must be sure these employees do not discuss general or specific investment products or services offered by the firm, prequalify prospective customers as to financial status, investment history, and objectives, or solicit new accounts or orders.
Related Questions
- My firm wants to use the established existing customer relationship to cold call our customers. If the customer has registered with the Telephone Preference Service (TPS) are we able to call them?
- Can a firm hire unregistered individuals whose sole function will be to cold call potential customers?
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