Which of the following is true about a customer with a frozen account?
A)may not trade corporate securities under any circumstances
B)may make purchases but not sales of corporate securities
C)must deposit the full purchase cost before an order is executed
D)must deposit sufficient cash for each transaction no later than the settlement date

Question

Quizplus · Accepted Answer

must deposit the full purchase cost before an order is executed. A "frozen" account is restricted to full cash payment in advance for any purchase.

Which of the Following Is True About a Customer with a Frozen