FINRA Uniform Securities State Law Examination Series-63 Question # 41 Topic 5 Discussion

FINRA Uniform Securities State Law Examination Series-63 Question # 41 Topic 5 Discussion

Series-63 Exam Topic 5 Question 41 Discussion:
Question #: 41
Topic #: 5

You are a registered agent with a broker-dealer. One of your clients visits you and wants you to sell some of the U.S. government bonds she owns and purchase shares of a specific aggressive growth mutual fund for her with the proceeds. Your client is a mentally-competent, 84-year-old woman but, based on your other knowledge of her situation, you believe it to be an unwise move. You should


A.

advise her that you don’t believe this is in her best interest, but execute the required transactions if she insists.


B.

call the mutual fund and tell them that they must convince this client that an investment in their fund is not in her best interest, under penalty of law.


C.

nod politely, but not execute the transactions since they are not in her best interest.


D.

turn the matter over to your supervisor.


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