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A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The brokerage firm can do all

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A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The brokerage firm can do all of the following with the customer's securities EXCEPT: A B c D commingle the customer's securities with those of other customers lend the stock to another customer who wishes to effect a short sale commingle the customer's securities with securities owned by the brokerage firm p ledge the customer's securities to a bank for a loan

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