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Vilka [71]
3 years ago
14

A customer alleges wrongdoing on the part of a registered representative and files a complaint with the broker/dealer. The broke

r/dealer decides to settle without going to arbitration/trial and pays the client a total of $18,000. What is required in this situation?
Business
1 answer:
Luden [163]3 years ago
7 0

Answer:

D) II and IV

  • The settlement must be disclosed on the RR's U-4 for the remainder of the RR's career in the financial industry.
  • The record of the settlement must be made public on the FINRA website

Explanation:

Since the dispute was over a $15,000 amount, the settlement must be recorded using the registered representative's U-4, section 14 I, section 2. This disclosure must contain the information regarding the incident that lea to the settlement and whether the complaint was written or oral. This information must also be uploaded to the FINRA website under the broker check section which includes all the customers' complaints.

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jeka57 [31]

Since i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.

<h3>What is Patriot Act form?<u> </u></h3>

The Patriot Act/customer ID form is a form that help the government to fight the funding of terrorism and money laundering activities.

The Patriot Act/customer ID form is necessitated by the Federal law and its requires all financial institutions to obtain, verify, and record information that identifies every customer.

However, if the signature line on the Patriot Act has escrow officer's name printed on it on the signature line and i am the signing agent who fills out the ID form, then, i am at responsibility to sign the Patriot Act form as well.

Read more about Patriot Act form

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5 0
3 years ago
g The difference between the small business owner and the entrepreneur is that the entrepreneur: Group of answer choices assumes
Vinvika [58]

Answer: The entrepreneur assumes the risk of the business

Explanation:

An entreprenuer is a person that's bears the risk and controls the other resources such as the land , labour and the capital.

Also, we should note that the entrepreneur either makes a profit or loss. The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business

8 0
3 years ago
On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone compan
Fynjy0 [20]

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

4 0
3 years ago
What is the purpose of IDP
MakcuM [25]

The basic purpose of IDP is to assist the employees in their career and personal development.

<h3>What do you mean by purpose?</h3>

The purpose means the reason for which something can be done or created.

The basic purpose of IDP is to help employees for reaching short and long-term career goals as well as to improve their current job performance.

Learn more about Purpose here:

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#SPJ1

6 0
3 years ago
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guapka [62]

Answer:

The correct answer is: insist they meet at the office before going out and showing the property.

Explanation:

In case Real Estate brokers are unsure to meet a prospective buyer of one of the properties they are selling, they could offer them to meet in the office where the broker's work to find out how serious this caller could be. Brokers could provide information on other similar properties they are offering as well during that appointment so the prospective buyer will not feel uncomfortable with the fact of going to the office first instead of meeting at the property of interest directly.

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