SIE practice questionmediumOptions Account Documentation
What documentation must a client be provided before their options account can be approved for trading?
- AMargin agreement
- BOptions Disclosure Document (ODD)✓ Correct answer
- CProspectus
- DTrade confirmation
Explanation
Why B — Options Disclosure Document (ODD)
Customers must receive the Options Disclosure Document (ODD) before their options account is approved. The margin agreement relates to margin accounts, not options. A prospectus is for new securities offerings and trade confirmations are for post-trade.
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