Broker-dealers must provide a privacy notice to every consumer at what point?

Broker-dealers are required to provide a privacy notice to every consumer before they disclose any nonpublic, personal information. This requirement is set forth to ensure that consumers are aware of how their personal information will be handled and shared. It is an important aspect of consumer protection, allowing individuals to understand their rights regarding their information and to make informed decisions about their privacy.

Providing the notice before any disclosure guarantees that consumers are fully aware of their options and the policies of the broker-dealer when their personal information is at risk of being shared. This proactive approach is crucial in maintaining transparency and trust between consumers and financial institutions.