SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 65

Correct Answer: B

Explanation:

B: Choice B is correct because the rule is intended to protect customer from a representative removing funds or similar items from the customer's account without the customer's intending that to be done. Choice A is incorrect because the permission must be given in writing. Choice C is incorrect because the rule prohibits removal of cash or cash-like items from the customer's account. If bearer bonds were removed from the member firm's premises but were still recorded in the customer's account, the rule would likely not apply. Choice D is incorrect because the rule deals specifically with the withdrawal of cash or similar assets.