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
Correct Answer:
Verified
Q216: When a member firm buys or sells
Q217: A buy-in of a customer's sale transaction
Q218: Bubba opens a new account with a
Q219: A registered bond with "Happy Birthday" scrawled
Q220: Bubba maintains an individual cash account as
Q222: A registered representative just accepted Bubba's instructions
Q223: Bubba opens an account at a broker/dealer
Q224: According to FINRA Conduct Rules, a party
Q225: To accommodate a customer's order to buy
Q226: An investor purchasing a corporate bond regular
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