FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 102 Topic 11 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 102 Topic 11 Discussion

Series-7 Exam Topic 11 Question 102 Discussion:
Question #: 102
Topic #: 11

A wealth investor gives Bubba discretion to invest $50,000 for him in any way Bubba sees fit. Therefore, Bubba must:


A.

a registered representative with the SEC under the Investment Advisors Act of 1940


B.

conform to the prudent man requirements in that state


C.

furnish written documents of authority to the brokerage firm executing the orders


D.

be registered with the NYSE and FINRA as a representative


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