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Natali5045456 [20]
2 years ago
9

A new client wishes to open an account with an agent of a broker-dealer, but refuses to divulge any information regarding invest

ment objectives, income, net worth or other investment holdings. Under the provisions of the Uniform Securities Act, the agent should:_____.
A. refuse to open the account.
B. only recommend securities on the Legal List.
C. only accept unsolicited orders from the customer.
D. make recommendations to the customer that are in compliance with the Prudent Man Rule.
Business
1 answer:
guapka [62]2 years ago
6 0

Answer:

<em><u>C. only accept unsolicited orders from the customer.</u></em>

________________________________

<em>An </em><em>account</em><em> </em><em>can </em><em>be </em><em>opened</em><em> </em><em>for </em><em>a </em><em>customer</em><em> </em><em>that </em><em>does</em><em> </em><em>not</em><em> </em><em>wish </em><em>to </em><em>give </em><em>suitability</em><em> </em><em>information,</em><em> </em><em>but</em><em> </em><em>only </em><em>unsolicited</em><em> </em><em>trades </em><em>can </em><em>be </em><em>accepted</em><em> </em><em>from </em><em>the </em><em>costumer</em><em>.</em><em> </em><em>No </em><em>recommendation</em><em> </em><em>can </em><em>be </em><em>made </em><em>to </em><em>the </em><em>costumer</em><em>,</em><em> </em><em>because</em><em> </em><em>the </em><em>a</em><em>gent</em><em> </em><em>has </em><em>no </em><em>basis </em><em>f</em><em>or </em><em>making </em><em>a </em><em>recommendation</em><em>.</em>

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