Ask Question
24 November, 21:54

A promising new customer at a FINRA member firm has complained verbally to a registered representative that he lost $500 on the first stock recommended by that representative. Wanting to keep the customer, the representative offers to make this up to the customer by giving the customer, the customer's spouse, and each of the customer's 3 children a gift of $100. Which statement is TRUE?

A. This action is a violation of FINRA rules

B. This action is acceptable because it does not exceed the $100 per person gift limit

C. This action is acceptable only if the member firm approves in advance

D. This action is acceptable only if the payment is made by the member firm and not the representative

+4
Answers (1)
  1. 24 November, 23:24
    0
    gkjhbjvghf

    vghjbk, khn
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A promising new customer at a FINRA member firm has complained verbally to a registered representative that he lost $500 on the first stock ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers