Question

under FINRA rules, numbered accounts are: A prohibited B permitted with the prior approval of FINRA C permitted if the firm maintains a written statement of the customer attesting to ownership D permitted without any additional supporting documentation

Answer 1

Answer:

C permitted if the firm maintains a written statement of the customer attesting to ownership

Explanation:

FINRA can be regarded as body which carry out regulation of trading in corporate bonds, as well in equities, and securities futures. All firms that deals with securities are

usually member of FINRA.One of FINRA requirements is that

maintaining an accounts should be in

customer name a numbered account can be maintained in case the firm leave a written statement by the customer in a file which attest to ownership.It should be noted that under FINRA rules, numbered accounts are permitted if the firm maintains a written statement of the customer attesting to ownership.