Series 63: Exercise

Exercise

Choose permitted or not permitted

1. 1. _ A client gives written permission to her investment adviser representative to make trades for her one week after the first trade was made by that adviser. She gave verbal permission prior to the first trade.
2. 2. _ A client gives written permission to his agent to make trades one week after the first trade was made by that agent. The client gave verbal permission prior to the first trade.
3. 3. _ A client gives verbal permission for time and price discretion to his investment adviser prior to any trades taking place. The client then provides written permission two weeks after the first time and price discretionary transaction took place.
4. 4. _ A client gives written authorization for a third party to buy securities on her behalf.

Answers

1. 1. Permitted. Written conse