Unit 2 Suitability Information and Approvals Flashcards
1
Q
For unsolicited orders, RR needs to use __________ suitability
A
Reasonable Basis
2
Q
To open a corp account, the rep required the…
A
corporate charter and corporate resolution
3
Q
Form CRS is reqired when?
A
account opening
4
Q
Institutional accounts are…
A
bank, insurance comp, investment company, registered investment advisor, or any person, corporation, partnership ,trust with total assets at least $50mm
