Ace the SIE Exam 2025 – Unlock Your Finance Future with Essentials!

Customer account statements are required to be sent out by firms on a quarterly basis. This means that the customer will receive a statement every three months, or four times a year. Although the customer may have securities in her account, if there have been no transactions made in the past 18 months, it is not required for the firm to send monthly statements as there is no activity to report. Biannually, or every six months, and annually, or once a year, are also incorrect answers as they do not align with the requirement for quarterly statements.