Final answer:
A RR can accept orders in a frozen account if they have received a court order or legal authorization to do so.
Step-by-step explanation:
In business, a frozen account refers to a situation where funds in the account are not readily accessible. In the context of a RR (Registered Representative), there are certain conditions under which orders may be accepted in a frozen account. Typically, a RR can accept orders in a frozen account if they have received a court order or legal authorization to do so.
For example, if a client enters into a legal dispute and a court freezes their account to protect their assets during the proceedings, a RR may be allowed to accept orders for buying or selling securities on behalf of the client within the parameters set by the court.
Therefore, it is important for a RR to be aware of the specific legal requirements and restrictions surrounding frozen accounts to ensure compliance with the law.