Customer AccountsCâu 76 / 110
A customer asks a representative to select which mutual funds to buy and when to buy them, without checking first. The representative may do so only if:
a.The customer confirms each trade verbally within one business day
b.The representative documents the customer's verbal instruction in a file memo
c.The customer gives written discretionary authority and a principal approves the account for discretionary trading
d.The customer's account exceeds a minimum balance set by the firm
Giải thích
Discretion over asset, amount, and timing requires prior written authorization from the customer plus firm acceptance and supervisory review of the discretionary account. Verbal permission is limited to time and price discretion for a specific order on the day it is given. Account size never substitutes for written authority.
Trích dẫn luật: FINRA RulesLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
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