Account is a domestic growth portfolio. The current holdings are primarily US exchange-traded stocks and bonds. To remain in compliance, the total portfolio may only invest up to a maximum of 5% in any one specific stock or bond issuer. This restriction is cumulative; meaning different securities issued by the same issuer must be added together when calculating the 5% limit.

The client has also specified that the account may not invest more that 15% of its assets in non-US dollar denominated securities.The current market values are as follows:

Time Warner Inc. Common Stock$4,225,500

Walt Disney Corp. Common Stock$1,283,150

General Motors Corp.FRN 3/3/2018$904,000

Chrysler FRN 8/2/2018$186,100

Ford Motor Corp. MTN 3/27/2018$401,000

Walmart Common Stock$315,000

Deutsche Bank AG 6% 04/20/2018$1,556,350

Chrysler 10.95% 4/22/2018$128,900

Total Portfolio Value:

Question 6:

If Deutsche Bank AG was not a US dollar denominated asset, would this represent a violation within the account?