What is the minimum frequency at which dealer members must send account statements to clients?

What is the minimum frequency at which dealer members must send account statements to clients?

• A. Monthly
• B. Quarterly
• C. Biannually
• D. Annually

Answer: (B)

The minimum frequency at which dealer members must send account statements to clients is quarterly. This requirement is in place to ensure that clients regularly receive updates about their account activity, balances, and transactions. Sending statements on a quarterly basis helps maintain transparency and allows clients to stay informed about their investments, which is vital for effective portfolio management. By receiving statements every three months, clients can review their accounts, make informed decisions, and address any discrepancies or concerns that may arise in a timely manner. Regular communication through account statements also fosters a stronger trust relationship between clients and dealer members.