Customer AccountsPregunta 89 de 110
Which statement about the new account form for a retail cash account is correct?
a.The customer must sign the form before any trade may be entered
b.The customer's signature is not required, but the form must be approved by a principal of the firm
c.Only the customer's signature is required, not a principal's
d.The form must be filed with FINRA before the first trade
Explicación
For a standard cash account, the registered representative completes the form and a principal accepts the account; the customer's signature is not a regulatory requirement, although firms often collect one. Customer signatures are required for margin agreements, discretionary authority, and options accounts. New account forms are maintained at the firm, not filed with FINRA.
Referencia Legal: FINRA RulesPractica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- A 72-year-old retiree needs to draw income from a $60,000 lump sum within the next 12 months and has no other liquid savings. Which recommendation is least suitable?
- A 28-year-old contributing monthly to an IRA states that the goal is maximum long-term growth and that no withdrawals are planned for 30 years. The most appropriate recommendation is:
- A customer wants to park six months of living expenses where the money is safe and available on short notice. Which fund best matches that objective?
- A representative learns that an individual account holder has died. The representative should:
- When a customer submits a transfer instruction to move an account from one broker-dealer to another through the automated transfer system, the carrying firm must:
- A firm must send the customer a copy of the account record for verification of the customer's investment profile information:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con FINRA Series 6 — Investment Company & Variable Contracts Rep · Cómo revisamos