A registered representative who engages in private securities transaction is required to do all of the following except:[A] give written notice of the BD employing the RR[B] receive approval from the BD employing the RR[C] record the transactions on the books of the BD if the RR receives a commission[D] give written notice to the issuer of the securities of the BD's policy regarding private securities transactions.

Question

Leonel Manning

Business

7 July, 15:06

A registered representative who engages in private securities transaction is required to do all of the following except:[A] give written notice of the BD employing the RR[B] receive approval from the BD employing the RR[C] record the transactions on the books of the BD if the RR receives a commission[D] give written notice to the issuer of the securities of the BD's policy regarding private securities transactions.

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Alia Bentley · Answer 1

[D] give written notice to the issuer of the securities of the BD's policy regarding private securities transactions.

Explanation:

The registered representative is obligated to give written notice of the BD employing the RR, receive approval from the BD employing the RR, and record the transactions on the books of the BD if the RR receives a commission. However, the registered representative is not expected to notify the issuer of the securities for private securities transactions.