A client asks her agent to set up an account to automatically buy unregistered securities whenever she emails a ticker symbol. Which is TRUE regarding the unsolicited order exemption?

1. AIt applies because all requests are client-initiated.
2. BIt does not apply because blanket authorizations are considered discretion.✓ Correct answer
3. CIt applies only to the first transaction.
4. DIt applies if the agent maintains records of each instruction.

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