Series 7 - General Securities Representative Exam

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In a discretionary account, which of the following documents are required?

A Signed QIB
A
A Signed ODD
B
A Signed POA
C
A Signed LOI
D

Explanations

A limited power of attorney form must be signed to grand discretionary trading authority. A QIB is a qualified institutional buyer. An ODD is an options disclosure document. A LOI is known as a letter of instruction

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