Question

Your client is the trustee of an account for his adult daughter. At 8:00 a.m., he instructed you to make an at the opening purchase for 1,000 shares of an ADR trading on Nasdaq. At 9:00 a.m., news about the company was announced. Your client has not returned your urgent phone calls. Nasdaq is about to open. What do you do?

Answer 1

c. Execute the trade

Step-by-step explanation:

The representative does not have the power to make decisions at his discretion, whether to go on with the trade or not and as such should go ahead with the trade since he is unable to get in touch with the client