Question

A husband and wife have a joint account with a member firm. The wife calls the registered representative with instructions to liquidate their 500 share position of ABC stock. The registered representative should: A accept and execute the order as given B execute the order only after the branch manager approves C execute the order only after the husband approves orally D execute the order only after the husba

Answer 1

A

Step-by-step explanation:

Accept and execute the order as given. Even though one may be inclined to think otherwise, or want to think otherwise. The right course of action is to accept the given request, and treat it as such. Because the couple owns the account together, and they both operate it. So, either of them can actually call the representative and give instructions to them to be carried out.