SIE Understanding Trading, Customer Accounts and Prohibited Activities Question 69: Answer and Explanation

Question: 69

For which of the following are members of a national exchange allowed to trade without a general prohibition?

• A. The member's own account
• B. A registered representative's account
• C. An account for which a registered representative may act with discretion
• D. Market makers

Correct Answer: D

Explanation:

D: Choice D is correct because an exception was made for market makers. Choices A, B, and C are incorrect because a national exchange specialist or member is generally prohibited from trading for those accounts.