Among close relatives of the covered member,e.g.,brothers,sisters,mother,father,and cousins,when is ownership of the client's stock by them considered the same as ownership by the covered member?
A)When the relative holds a key financial position with the client.
B)When it is an immaterial financial interest in the client with covered member's knowledge.
C)When it is a material financial interest in the client without the covered member's knowledge.
D)In all of the above scenarios.

Question

Quizplus · Accepted Answer

When a close relative holds a key financial position with the client, their ownership of the client's stock is considered the same as ownership by the covered member.

Among Close Relatives of the Covered Member,e