An agent of a broker-dealer wants to find investors in securities to finance the purchase, remodeling, and reselling of single-family dwellings. Under the NASAA Statement ofr Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents, which of the following condions must exist in order for the agent to effect the securities transactions? The broker-dealer must approve the transactions upon completion of the transactions. The agent may not receive any compensation for effecting the transactions. The purchasers must qualify as accredited investors. The transactions must be recorded on the books and records of the broker-dealer.
An agent of a broker-dealer wants to find investors in securities to finance the purchase, remodeling, and reselling of single-family dwellings. Under the NASAA Statement ofr Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents, which of the following condions must exist in order for the agent to effect the securities transactions? The broker-dealer must approve the transactions upon completion of the transactions. The agent may not receive any compensation for effecting the transactions. The purchasers must qualify as accredited investors. The transactions must be recorded on the books and records of the broker-dealer.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:An agent of a broker-dealer wants to find investors in securities to finance the purchase, remodeling, and reseling of single-family dwelungs. under
the NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents, which of the following condions must
exist in order for the agent to effect the securities transactions?
The broker-dealer must approve the transactions upon completion of the transactions.
The agent may not receive any compensation for effecting the transactions.
CO
The purchasers must qualify as accredited investors.
DO
The transactions must be recorded on the books and records of the broker-dealer.
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