Ted Is Employed by a Large Securities Brokerage Firm as a Junior

question 79

Multiple Choice

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

• A)Ted may be liable to a client for failure to trade securities for the account in certain circumstances if the client experiences a loss as a result.
• B)When Ted receives information about a pending stock split for a client's stock,Ted's client is attributed with this knowledge whether he actually receives it or not.
• C)Ted must deposit any proceeds from the sale of a client's securities in a separate account identified as the client's.
• D)Ted may from time to time borrow paid-up securities from a client's account to cover brokerage needs,provided he does not incur the client a loss.
• E)a,b,and c.

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Definitions:

Preventative Facework

Efforts to maintain and enhance one’s positive self-perceptions.

Aggressive Facework

Communication strategies used to assert one's identity, often at the expense of others, through forceful or dominant behaviors.

Self-disclosure

The act of revealing personal, private, or sensitive information about oneself to others, an integral part of developing intimacy in relationships.

Self-knowledge

The understanding and awareness one has of their own character, feelings, motives, and desires.