Business, 03.01.2020 06:31 serenityjohnson98765
An investment adviser has researched a promising company and has decided to buy its stock for its proprietary account and for the account of each of the firm's clients.
which action on the part of the adviser is acceptable?
a. the investment adviser first buys the shares for its proprietary account and then places the orders necessary to buy the shares for its customers' accounts
b. the investment adviser first buys the shares for its customer accounts and then places the order necessary to buy the shares for its proprietary account
c. the investment adviser places a block order to buy all of the shares needed for both its proprietary and customer accounts and then allocates the shares purchased at the lowest prices to its proprietary account
d. the investment adviser places a block order to buy all the shares needed in its proprietary account and then sells its customers their shares out of that account with a markup
Answers: 1
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