Solved

You Are a Registered Agent with a Broker-Dealer

Question 173

Multiple Choice

You are a registered agent with a broker-dealer. One of your clients visits you and wants you to sell some of the U.S. government bonds she owns and purchase shares of a specific aggressive growth mutual fund for her with the proceeds. Your client is a mentally-
Competent, 84-year-old woman but, based on your other knowledge of her situation, you believe it to be an unwise move. You should


A) advise her that you don't believe this is in her best interest, but execute the required transactions if she insists.
B) call the mutual fund and tell them that they must convince this client that an investment in their fund is not in her best interest, under penalty of law.
C) nod politely, but not execute the transactions since they are not in her best interest.
D) turn the matter over to your supervisor.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents