Find the missing supervisory step: Options trading starts before approval; what must be added?
QUESTION
Identify the supervisory error: A rep trades on margin before a margin agreement is signed.
QUESTION
Find the missing supervisory step: Options trading starts before approval; what must be added?
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ANSWER
ROP approval (and ODD delivery) before options trading begins. Regulatory standards require these to confirm suitability and inform customers before options activity.