Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

The correct response emphasizes the regulatory requirement for broker-dealers to maintain communication with their customers regarding the accuracy of their new account information. After an account is established, firms are mandated to provide customers with the details from their new account form within 30 days. Additionally, it is required that this information is provided again at least every 36 months. This ensures that customers have an opportunity to review their account information periodically, allowing them to confirm that personal data, investment objectives, and other pertinent details remain current and accurate. This practice is in line with best practices for maintaining transparency and understanding between the firm and its customers.