FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 88 Topic 9 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 88 Topic 9 Discussion

Series-7 Exam Topic 9 Question 88 Discussion:
Question #: 88
Topic #: 9

In regard to discretionary accounts, which of the following statements is correct?


A.

the customer must approve each transaction in writing before the order is entered


B.

the customer must grant written authorization to the member firm to exercise discretion in the account


C.

the account must be accepted in writing by an officer of the member firm


D.

both B and C


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