SIE practice questioneasyAccount Types: Options Accounts
Before a customer can trade options in an account, which document must they receive and acknowledge?
- AOptions Disclosure Document (ODD)✓ Correct answer
- BProspectus
- CAnnual Report
- DMargin Agreement
Explanation
Why A — Options Disclosure Document (ODD)
Customers must receive and acknowledge the Options Disclosure Document before trading options. A prospectus is for new issues, B. An annual report is not required for options approval, and D is for margin accounts.
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