Ted Johnson is employed by a large securities brokerage firm as a junior account executive. The nature of Teds responsibilities is to manage the portfolio accounts for approxinately $25$ dients. Ted's relationship with his chents a characterized by which of the following?

O a$.$ Ted may be liable to a cient for fallure to trade securites for the account in certain ercumstances l the clet

experiences a loss as a result.

O b$.$ When Ted receives information abaut a pending stock spit for a chen's stack, Ted's client is attributed with this

knowledge whether he actually receives it or not.

O c$.$ Ted must deposit any proceeds from the sale of a cient$)$ securities in a separate acrount identhed as the ciens.

O a Al of the responses are correct.