FINRA Securities Industry Essentials Exam (SIE) SIE Question # 58 Topic 6 Discussion
SIE Exam Topic 6 Question 58 Discussion:
Question #: 58
Topic #: 6
Under which of the following circumstances, if any, is it permissible for an individual without a Power of Attorney (POA) to sign a customer ' s name on their behalf?
A.
Upon approval by a firm principal
B.
Upon receipt of verbal authorization provided that written authorization is subsequently provided
C.
When accounts are fully discretionary
D.
Never permissible to sign a customer ' s name on their behalf
Prohibition on Signing Customer Names: It is never permissible to sign a customer ' s name without written authorization (POA) due to legal and ethical concerns. Unauthorized signing constitutes forgery and violates FINRA rules.
Incorrect Options:
A: Firm principal approval does not override this prohibition.
B: Verbal authorization is insufficient.
C: Discretionary authority does not allow unauthorized signing.
Chosen Answer:
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