According to the NASAA Model Rules, a Broker-Dealer Is Not

According to the NASAA Model Rules, a broker-dealer is not permitted to allow a customer to engage in margin transactions unless

A) the broker-dealer already has a margin agreement signed by the client in hand.
B) the broker-dealer receives a margin agreement signed by the client promptly after the client's first margin transaction.
C) the client has a net worth of at least $500,000.
D) the client has been a customer of the firm for at least 6 months.