Telemarketing & Do-Not-Call
Cold calls are allowed only between 8 a.m. and 9 p.m. in the PROSPECT'S local time, callers must identify themselves and their firm, and firms must honor both the national Do-Not-Call registry and their own firm-specific list.
These rules implement the Telephone Consumer Protection Act for securities firms. Calls to existing customers and follow-ups the prospect invited are not cold calls — classification is half the battle on these questions.