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FINRA Series 6

Category - Series 6

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A discretionary account authorization permits a registered representative to decide:

whether to make a purchase or a sale.
what specific asset to purchase or sell.
how much of an asset to buy or sell for the account.
all of the above.

Explanation

Answer: D - A discretionary account authorization permits a registered representative to decide on all three issues-whether to make a purchase or a sale; what specific asset should be purchased or sold; and how much of that asset to buy or sell.

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FINRA Series 6

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