SIE practice questionmediumOptions Account Approval Process
The approval of an options account must be performed by which individual?
- ABranch receptionist
- BCustomer’s attorney
- CRegistered options principal✓ Correct answer
- DCustomer’s spouse
Explanation
Why C — Registered options principal
Options accounts must be approved by a registered options principal, who reviews suitability and risk. Attorneys, receptionists, and spouses have no approval authority.
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