General Securities Sales Supervisor (Series10) Practice Exam

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Prepare for the General Securities Sales Supervisor Exam. Practice with flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

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Which of the following can be used to verify customer identity?

Passport
Military ID
Driver's License
Birth Certificate

The correct answer is: Birth Certificate

A birth certificate is typically not considered a reliable form of identification for verifying customer identity in a financial context. While it is an official document, it does not contain a photo or signature, making it less effective for this purpose, particularly during the Know Your Customer (KYC) processes that financial institutions implement. In contrast, documents like a passport, military ID, and driver's license all serve as valid forms of identification because they include important personal details such as the individual's name, date of birth, and often a photograph. These features help in confirming a person's identity with a higher degree of assurance. When evaluating customer identity, financial institutions follow regulations that require robust verification methods. The inclusion of a photograph and a signature in forms of ID like a passport, military ID, and driver's license makes them suitable for verifying identity as they help prevent fraud. Therefore, relying on these official forms of identification is essential for compliance and security in financial transactions.