Giao dịch, Tài khoản & Hành vi cấmCâu 248 / 398
Before a registered representative may exercise discretion in a customer's account, what is generally required?
a.Prior written authorization from the customer and firm acceptance of the account as discretionary
b.Only a verbal okay from the customer for each trade
c.Approval from the transfer agent
d.A margin agreement, regardless of account type
Giải thích
Discretionary trading requires prior written authorization (a signed trading authorization or power of attorney) and the firm's written acceptance of the account. Each discretionary order must also be identified as such and the account reviewed frequently to detect churning.
Trích dẫn luật: FINRA Rule 3260Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Customer Identification Program (CIP), a firm must collect and verify certain minimum information before opening an account. Which set represents the four required items?
- FINRA's Know Your Customer rule requires a firm to use reasonable diligence to know the essential facts about every customer. The 'essential facts' are primarily those needed to do what?
- For a typical new cash account for an individual, whose signature is generally NOT required on the new account form itself?
- A customer calls and says: 'Buy 500 shares of XYZ for me today, but you pick the best time and price.' The representative has no written discretionary authority. Is this order permissible?
- What is the primary difference between a cash account and a margin account?
- An individual wants to name specific people to receive her brokerage account assets at her death, without going through probate, while keeping full control during her lifetime. Which account registration accomplishes this?
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