What is the general rule regarding the disclosure of nonpublic personal financial information by a licensee?

The general rule concerning the disclosure of nonpublic personal financial information by a licensee is that such disclosure is not permitted unless certain conditions are satisfied. This is in line with privacy regulations and ethical guidelines that protect consumers’ personal financial information. These regulations typically require that individuals must provide explicit consent or that there is a legitimate purpose for sharing such information, such as compliance with legal obligations or for underwriting purposes.

This stance underscores the importance of confidentiality in maintaining the trust and integrity of the client-licensee relationship. It ensures that consumers' sensitive information remains secure and is only disclosed in specific, authorized scenarios where privacy rights are respected.