Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pacari is a dealing representative with cavalry in

Pacari is a Dealing Representative with Cavalry Investments, a mutual fund dealer. Pacari's client, Darsha,...

50.1K

Verified Solution

Question

Accounting

Pacari is a Dealing Representative with Cavalry Investments, a mutual fund dealer. Pacari's client, Darsha, is a long-time customer and an elderly widow. Darsha depended on her husband, for However, Darsha's daughter has been getting involved recently and has even tried to enter trades without Darsha's authorization. Pacari is particularly concerned about the last transaction for Darsha's account: a very large redemption. Pacari fears that Darsha has become a victim of financial exploitation and he raises his concerns with his dealer Cavalry. Which of the following statements about how Cavalry may proceed is CORRECT?
Cavalry must proceed with the redemption because temporary and permanent holds are not permitted.
Cavalry can place a permanent hold on Darsha's account and disallow all future transactions.
Cavalry must place a temporary hold on Darsha's account to disallow all transactions for the account.
Cavalry can place a temporary hold on Darsha's account to temporarily disallow the redemption.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Let sint a cost b and tan t c Write the expression in terms of...

Accounting
1.2K views

International Financial Reporting Standards (IFRS) do not permitcompanies to use the LIFO method for...

Basic Math
1.2K views

How long would it take, in days, to spend $200,000 if a person spent $1...

Statistics
1.2K views

8 An experiment examined the psychophysiological effect of THC the active ingredient in marijuana The...

Algebra
1.2K views

5 Factor completely 49x 4y

Accounting
1.2K views

Current Attempt in Progress Bramble Interiors reports the following for the month of...

Accounting
1.2K views

Lori Jones invested $60,000 in the Michael Bauer and Nathaniel Pearson partnership for ownership equity...

Accounting
1.2K views

Well-designed output reports are characterized by all but which of the following? a) They are...

Accounting
1.2K views

On January 15th, the end of the first pay period of the year, North company's...

Accounting
1.2K views

Income statement and balance sheet data for Great Adventures, Inc., are provided below. ...

Accounting
1.2K views

1/Bronco Electronics' current assets consist of cash, marketable securities, accounts receivable, and inventories. The following...

Accounting
1.2K views

CBA company produces visual learning aids for kindergarten classrooms. The full cost of their alphabet...