ExitVCEDumpFINRA-SERIES-63FINRA Uniform Securities Agent State Law
Question 8 of 38
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Q8Single choice
A hypothecation agreement refers to
A
an agreement wherein a client gives his broker-dealer discretion to purchase securities that the broker-dealer deems appropriate in whatever quantity the broker-dealer feels appropriate and at a time and price the broker-dealer believes is a good deal.
B
an agreement that a client must sign prior to executing any short sales with the broker-dealer.
C
an agreement signed by a client who is executing a margin transaction that allows the broker to hold the margined securities in street name as collateral for the loan.
D
a document signed by a client indicating that he or she understands that some of the charts and examples presented in a broker-dealer's advertising literature are based on hypothetical trades.