Which one of the following is a true statement regarding account executives?

		The arbitration clause allows clients to sue the brokerage firm that an account executive represents.
		An account executive is not licensed to buy or sell securities for clients.
		It is wise to allow an account executive to make investment decisions without the client's approval.
		They are generally not liable for client losses that result from their recommendations.
		An account executive cannot buy and sell securities for clients and help them develop an investment program.