Business, 20.09.2020 09:01 williamsvilletiles

The son of an 82 year old man who is a long time customer submits an options agreement requesting uncovered option writing and a margin agreement for his father's account. The agreements are signed by the son on behalf of the father and is accompanied by a durable power of attorney. The father has no previous options or margin trading experience. What should the BOM do in this situation? (A)Approve the opening of the account based on the documents submitted (B)Not approve the opening of the account since a power of attorney may not be used for uncovered option writing (C)Refuse to open the account unless a court order is obtained (D)Not approve the opening of the account and advise the RR that writing uncovered options is unsuitable for this customer's account

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