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A registered representative wants to open an account with a friend to invest in a specific security. His friend has submitted a written request to
A registered representative wants to open an account with a friend to invest in
a specific security. His friend has submitted a written request to open such
account. Each person will contribute the same amount and share equally in
any gains, if any. He comes to you to ask advice. Your response would be:
A
Joint accounts between registered representatives and the public are
prohibited by FINRA
B
Joint accounts between registered representatives and the public are
prohibited by FINRA unless they are with family members
Joint accounts between registered representatives and the public are
allowed by FINRA if they are with accredited investors
Joint accounts between registered representatives and the public are
allowed by FINRA if they are approved in writing by the member firm and
the customer and that they share in the profits or losses proportionally to
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Lords Of Finance The Bankers Who Broke The World
Authors: Liaquat Ahamed
1st Edition
0143116800, 978-0143116806
