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3I0-012 · Question #513

3I0-012 Question #513: Real Exam Question with Answer & Explanation

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Question

What does the Model Code recommend regarding the practice of "name switching/substitution"?

Options

  • ADealers may seek a compensation payment in favor of the bank or an adjustment to brokerage bills
  • BIf requested by a broker to clear a transaction through name switching, a dealer must ensure that such
  • CThe practice of name switching/substitution is neither acceptable nor desirable.
  • DName switching/substitution transactions should be executed as promptly as possible not considering

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