Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
Play hard to get with the sexy test answers. We know what we're talking about. Just ask Robeefalette.

The Other Four-Letter Word

The Other Four-Letter Word

They were moving fast now. The Smoking Woman seemed determined to cram in as much as possible in the last two hours of class.

“Should you ever accept a loan from a client? NO! And for the most part you’re never allowed to do it, except in those cases where you are. Got that? Loaning to and from clients is generally prohibited except when:

  • The client is a broker dealer
  • The client is a financial institution that loans money as part of its business 
  • The client is an affiliate

So why is ‘loan’ t...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$65.65
Next: Sharing in Client Accounts
Prev: Excessive Trading

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.