SIE practice questionhardTrust Account Trading Authority
A trustee can only trade securities in a trust account if:
- AApproved by FINRA
- BPermitted by the trust agreement✓ Correct answer
- CThe beneficiary gives verbal consent
- DThe trustee is also the beneficiary
Explanation
Why B — Permitted by the trust agreement
The trust agreement outlines the trustee's powers—trading requires explicit authorization. FINRA does not approve trades, and beneficiary consent or dual role is not sufficient.
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