Which statement about the New York Stock Exchange is FALSE?

By Peter Cherewyk AAA
A:

A. It is a self-regulating organization.

B.
Employees of members cannot open accounts at competing broker-dealers.

C.
It permits coded accounts.

D.
It requires written authorization from a customer before an employee of a member can exercise discretionary power over an account.






Correct answer: B

Employees of members are not prohibited from opening accounts at competing broker-dealers, but this action is strictly regulated.



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