Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One of your clients. Rahman is a retired senior citizen with a conservative portfolio of around $ 750.000. He is always on the lookout for

image text in transcribed
One of your clients. Rahman is a retired senior citizen with a conservative portfolio of around $ 750.000. He is always on the lookout for Investment that can offer hima better yield to supplement his income. In his quest for a higher yield, he comes to your office and asks you to liquidate half of his portfolio and Invest the proceeds in a start-up mining company. The proposed trade is entirely unsuitable based on Rahman's know your client (KYC) Information. What is the most appropriate action you should take? OA) You are not required to assess unsolicited orders for suitability OB) Clear the transaction with your compliance Department or Branch Manager C) Accept the trade since it is not your recommendation and you do not run any risk by accepting it OD) Fill out a new risk assessment and have him answer it to match this investment choice

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Margins Of Error In Accounting

Authors: D. Myddelton

1st Edition

0230219918, 9780230219915

More Books

Students also viewed these Accounting questions

Question

=+b) Is this a prospective or retrospective study? Explain.

Answered: 1 week ago

Question

5 Name at least three recruitment methods.

Answered: 1 week ago