Whose Responsibility Is It to Determine If a Client Can

question 47

Multiple Choice

Whose responsibility is it to determine if a client can pay for the securities they purchase?

• A) The floor broker who places the trade on the floor of the exchange.
• B) The dealer who acts as the seller in the trade.
• C) The broker in charge of churning.
• D) The stockbroker who opens the account for the client.

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