Question

According to the Securities Exchange Act of 1934, which of the follow items would be required on an order ticket for a securities transaction?I. The account numberII.The designation of the IA, if the order is enter by an IA on behalf of a clientIII.The price of the security at the time the order is enteredIV. The terms and conditions of the order[A] I, II, III, IV[B] I, III, IV[C] I, II, IV[D] I & IV only

Answer 1

The Correct Option is C (I, II, & IV)

Step-by-step explanation:

For a securities transaction, items required on an order ticket include; the account number, the IA designation if entered on behalf of a client, and the order's terms and conditions. However, there is no need to know the price of the security when entering the order.