Answer:
distributing proxies to holders of securities in margin account
Explanation:
Proxies are voting materials on shares that are given by the issuer of the shares to the brokerage that is holding the shares.
Proxies are paid for by the issuer and not the customer.
A broker is allowed to charge for various services rendered. For trading and market related services the 5% rule holds, while for other clerical services such as collection of dividends, safe keeping appraisal of securities, and transfer of securites.
Charges must be fair and reasonable.
Because they might misuse your information
Answer:
B. 17 is the correct answer.
Explanation:
Answer:
Find attached statement and the question which question number 10.
The correct option is C,$90
Explanation:
In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of $23.55 was charged(Section 7)
Intuitively, the percentage of balance transfer charge is $23.55 divided by the amount of balance transfer i.e $785
balance transfer charge(%)=$23.55/$785=3%
However, if the balance transfer were $3000,the charge is 3% of $3000 i.e $90 ($3000*3%).
The correct option then is C,$90