Account Types
When opening a new customer account, which of the following is NOT required information?
Health status is private - never required for securities accounts.
Complete Analysis & Legal Rationale
Medical history and health status are not required for opening a securities account. Required information includes name, address, tax ID, employment status, investment objectives, risk tolerance, net worth, and annual income. Health information would violate privacy concerns.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.