Business, 14.12.2019 05:31 jjjjj23407

Your firm recently approved the sale of a group variable annuity that is not registered. rrs will be compensated for sales of the unregistered annuity. once the firm has given approval for such transactions, what is the firm's responsibility?

[a] only when commissions are not paid on the sale of this security must the firm establish policies and conditions for transactions in the security.
[b] supervision of transactions in this security or other securities is not required, so long as the securities are only sold to the close friends and family members of registered representatives.
[c] since group variable annuities are not considered securities, the firm has no recordkeeping responsibilities regarding sales of such annuities.
[d] all transactions and involvement in the sale of such securities by registered representatives must be supervised by the firm.

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Your firm recently approved the sale of a group variable annuity that is not registered. rrs will be...

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