Which statement is NOT TRUE about opening an account for a new client?

The statement that is not true about opening an account for a new client is that the client must sign the new account form. In many situations, especially in the context of regulatory guidelines, a client's signature may not always be required to open an account. For instance, certain firms may have provisions that allow accounts to be opened electronically or might permit the account representative to complete the forms based on verbal consent.

Regulations do emphasize the importance of verifying client identity and ensuring compliance with laws such as the USA PATRIOT Act, but this does not necessarily mandate a signature. Other specifics around account opening may require client acknowledgment or agreement, but a physical signature on the new account form is not a universal requirement.

This contrasts with the other statements, where mailing to a P.O. box is allowed, the RR is permitted to use a P.O. box for sending mail, and there is a clear regulatory expectation to obtain a client's tax ID number to fulfill reporting requirements. These statements reflect standard practices in the industry that support compliance and client verification procedures.