of the following signatures are required on a client’s
new account form?
I. The client’s
II. The client’s spouse
III. The registered representative
IV. The principal
B) III, IV
C) I, III, IV
D) I, II, III, IV
The correct answer is B.
While local practices of a broker-dealer might require the client to sign the form, even when opening a cash account, the rules do not require this. Only the RR and the supervising principal are required, according to rules, to sign the form.
The correct answer is b. The NASD defines a “complaint” as adverse communications that are in writing. Choices I and III ...
The correct answer is b. I, II and III are correct since all parties are required to notify the Administrator.
The correct answer is c. I is incorrect, since broker-dealers or their agents who don’t receive a fee for making investment ...
The correct answer is c) An advisor is not deemed to have custody of client funds when debiting management fees from the ...
The correct answer is b. Under these circumstances, the broker-dealer is not required to register with the state and the ...
The correct answer is c) I is incorrect because there is no margin requirement. III is incorrect because a call writer must ...
A standard form in the investment industry that ensures investment ...
A type of order carried out by a broker-dealer which involves ...
The act of selling undesirable securities from the broker-dealer's ...
This term refers a person who has primary responsibility for ...
An account that allows a broker to buy and sell securities without ...
A certification of client assets, both cash and securities that ...