Which One of the Following Is a True Statement Regarding

Which one of the following is a true statement regarding account executives?

A) They are generally not liable for client losses that result from their recommendations.
B) It is wise to allow an account executive to make investment decisions without the client's approval.
C) An account executive cannot buy and sell securities for clients and help them develop your investment program.
D) An account executive is not licensed to buy or sell securities for clients.
E) The arbitration clause allows clients to sue the brokerage firm that an account executive represents.