Laws & RegulationsCâu 18 / 100
An agent shares in the profits and losses of a customer's account. Under NASAA standards, this is permitted only if:
a.The customer verbally agrees at the point of sale
b.The agent shares proportionally with no written approval
c.The account earns a profit that quarter
d.The customer and the broker-dealer give written consent and sharing is proportional to the agent's own contribution
Giải thích
Sharing in a customer account is prohibited unless the agent obtains written authorization from both the customer and the broker-dealer, and shares only in proportion to the agent's financial contribution. Verbal agreement alone is insufficient. This rule limits conflicts of interest.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following best describes a fiduciary obligation that an investment adviser owes but a broker-dealer historically did not owe under a pure suitability standard?
- An agent 'churns' a client's account. This unethical practice is best defined as:
- Under the Uniform Securities Act, the term 'security' would NOT typically include:
- A client sends an unsolicited written complaint to an agent alleging unauthorized trading. The agent should:
- Under the Investment Advisers Act, a performance-based fee that charges a share of capital gains is generally permitted only when the client is:
- The Administrator may issue a cease and desist order:
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