A sales representative is permitted to take all of the following actions EXCEPT:

a. Offer investment advice to clients
b. Accept unsolicited orders to trade registered non-exempt securities
c. Solicit orders for unregistered non-exempt securities
d. Place trades requested by a wife who has power of attorney for her husband's account






The correct answer is "c". While a sales representative may accept unsolicited orders for registered non-exempt securities, and may solicit order for registered non-exempt or unregistered exempt securities, he may not solicit orders for unregistered non-exempt securities. And, the sales representative may offer investment advice to clients as long as he does not charge a separate fee for that service.




Filed Under:

comments powered by Disqus
Trading Center