Series 63: Exercise

Exercise

Choose PERMITTED or NOT PERMITTED

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. _____ 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. _____ A client gives verbal permission for time and price discretion for a designated security to his investment adviser representative prior to any trades taking place. The IAR makes a purchase for the designated security that same day. The client then provides written permission two weeks after the date that the time and price discretionary transaction took place