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In order to open a new account for a customer that wishes to buy IPOs, the:_______.
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In order to open a new account for a customer that wishes to buy IPOs, the:_______.

User Sinead
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Answer: a. the customer must sign a representation letter

Step-by-step explanation:

In order for a Registered Representative (RR) to open an account for a customer that will enable the customer to be able to buy shares at an Initial Public Offering (IPO), the Financial Industry Regulatory Authority requires that the customer sign a Representation Letter.

This letter will give the RR the right to open the account for them so that the account can be duly opened.

User Alican Temel
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