To assist broker-dealers with compliance, NASAA prepared a fee disclosure template. Based on the template, all of the following

Question

3 years ago

9

To assist broker-dealers with compliance, NASAA prepared a fee disclosure template. Based on the template, all of the following

broker-dealer charges would be disclosed except A) brokerage commissions. B) fees for issuance of stock certificates. C) account transfer fees. D) account maintenance fees.

Business

1 answer:

tangare [24] · Answer 1 · 2023-01-24T09:14:49+03:00

Account transfer fees and account maintenance fees would not be disclosed as the broker-dealer charges.

<h3>NASAA means the North American Securities Administrators Association.</h3>

The NASAA prepared a fee disclosure template to assist broker-dealers with compliance.

Based on the template, the following broker-dealer charges which would be disclosed includes:

account inactivity fee
charges for late payments
issuance of a stock certificate
account transfer fees

In conclusion, all of the following broker-dealer charges would be disclosed except the account transfer fees and account maintenance fees.