Question

If a member firm believes that a senior citizen with an account at the firm is being financially exploited, the member would contact the client's A attorney B closest relative C trusted contact person D registered representative

Answer 1

Answer:

C trusted contact person

Explanation:

If a member firm believes that a senior citizen with an account at the firm is being financially exploited, the member would contact the client's "trusted contact person."

Option A is not correct because contacting the client's attorney would lead to legal action, which may affect the firm as well.

Option B is not correct because contacting the client's close relative might not be in the best interest of the client.

Option D is not correct because contacting the client's registered representative might not yield the expected outcome as the registered representative's main function is to involve in trading investment products and securities.

Hence, option C is correct because a trusted contact person is a person that the client has authorized the brokerage firm to contact in a situation such as when the client account may be exposed to financial exploitation.