According to the Telephone Consumer Protection Act, which of the following statements is not true?

Prepare for the SIE Test with flashcards and multiple-choice questions, enhanced with hints and explanations. Gear up for your securities industry exam!

The statement that is not true is related to the scope of the Telephone Consumer Protection Act (TCPA) concerning the use of fax machines and auto dialers. While the TCPA indeed regulates unsolicited calls made using automatic dialing systems, it does not cover telemarketing or solicitations sent via fax machines in the same way it does with voice calls. The primary focus of the TCPA is to prevent intrusive calls to consumers, allowing them to opt out if they choose, particularly concerning telemarketing calls.

In contrast, keeping an updated do not call list is a requirement established under the TCPA for firms to respect consumer preferences and privacy. Additionally, the act restricts phone solicitation to the hours between 8 AM and 9 PM to minimize intrusion during early and late hours. Lastly, the TCPA does extend to various entities involved in telecommunications, including brokers-dealers, radio stations, and telemarketing firms, holding them accountable for compliance with its regulations.

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