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26 August, 09:17

Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account? A) Investment objectives of the client. B) Client's financial status. C) Length of association with the agent. D) Character of the account.

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  1. 26 August, 09:30
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    Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account:

    C) Length of association with the agent.

    Explanation:

    NASAA stands for The North American Securities Administrators Association that ensure the safety of the investor. The option a, b and d are not correct as the Under the NASAA's statement of policy of dishonest or unethical business practices of broker/dealers and agents, investment objectives of the client, financial status of the client as well as the character of the account are considered. The option c is correct as length of association with the agent is not the concern of the NASAA so it is taken into the consideration.
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