Giao dịch, Tài khoản & Hành vi cấmCâu 260 / 398
Without any written discretionary authority and without calling the client, a representative buys 1,000 shares of a stock in the client's account because he is sure it will rise. What violation is this?
a.Unauthorized trading
b.A legitimate 'not-held' order
c.Front-running
d.Proper use of discretion
Giải thích
Executing a trade in a customer's account without the customer's authorization (and without valid written discretionary authority) is unauthorized trading, a violation of just-and-equitable-principles standards, regardless of whether the trade turns out well.
Trích dẫn luật: FINRA Rule 2010Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A trader learns his firm is about to place a very large customer buy order that will likely push the price up. He quickly buys the stock for his own account first. This is best described as:
- Just before the market closes, a trader enters a flurry of small buy orders in a stock solely to push its closing price higher and inflate the value shown on month-end statements. This manipulation is known as:
- A representative with discretionary authority trades a retiree's account dozens of times a month, generating large commissions but no clear benefit to the customer's stated goals. This is most likely:
- A registered representative sells a private investment to several clients on the side, receiving compensation, but never tells her firm or gets its approval. What prohibited activity is this?
- A firm mixes customer securities with the firm's own securities in a way that puts customer assets at risk if the firm fails. This prohibited practice is called:
- To close a sale, a representative tells a customer that a corporate bond is 'guaranteed by the FDIC and can never lose money.' The statement is false. This is an example of:
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