A retiring registered representative (RR) intends to sell his book of business to another RR. The retiring RR's broker- dealer's (BD's) privacy policy provides notice to customers that it will only share nonpublic personal information with third parties for purposes of maintaining accounts and processing transactions. The retiring RR is permitted to provide information he has collected from his customers, such as date of birth, taxpayer identification number, etc., to the purchasing RR if: AO the retiring RR has retired and is no longer associated with his BD. BO the purchasing RR is affiliated with the same BD as the retiring RR. CO the customer's information is delivered to the purchasing RR's new BD in a secure manner. DO a third-party vendor assists with the transition of the customer information to the purchasing RR. At expiration, a customer is long 10 ABC 50 calls, and ABC common stock closes at $49.99. The customer was expecting to exercise his options to purchase 1,000 shares. The registered representative should inform her customer that: AO the firm is permitted to sell ABC at $50.00 on a principal basis. BO the customer is permitted to request to exercise his options by 5:30 p.m. ET. the options will be exercised automatically because the price is within one cent of the strike price. DO she will enter a market order to buy ABC for the next business day.. A retiring registered representative (RR) intends to sell his book of business to another RR. The retiring RR's broker- dealer's (BD's) privacy policy provides notice to customers that it will only share nonpublic personal information with third parties for purposes of maintaining accounts and processing transactions. The retiring RR is permitted to provide information he has collected from his customers, such as date of birth, taxpayer identification number, etc., to the purchasing RR if: AO the retiring RR has retired and is no longer associated with his BD. BO the purchasing RR is affiliated with the same BD as the retiring RR. CO the customer's information is delivered to the purchasing RR's new BD in a secure manner. DO a third-party vendor assists with the transition of the customer information to the purchasing RR. At expiration, a customer is long 10 ABC 50 calls, and ABC common stock closes at $49.99. The customer was expecting to exercise his options to purchase 1,000 shares. The registered representative should inform her customer that: AO the firm is permitted to sell ABC at $50.00 on a principal basis. BO the customer is permitted to request to exercise his options by 5:30 p.m. ET. the options will be exercised automatically because the price is within one cent of the strike price. DO she will enter a market order to buy ABC for the next business day
