Question

An order ticket is filled out and sent to the NYSE floor for execution. After being executed on the floor, it is discovered that the account number is incorrect. Under FINRA rules, the account number may be changed to the correct one by the:

a. registered representative
b. specialist
c. branch office manager
d. floor governor

Answer 1

Answer:

The correct answer is c. branch office manager .

Explanation:

A branch manager is the person who directs and executes all managerial functions related to the financial services provided. Likewise, he is in charge of resolving direct conflicts with clients and attesting with his signature to the changes that are executed in order to guarantee the correct order of the tasks of the branch. In this case, he is the most suitable person to make the correction of the account number, since if in the future there is a claim, he must go to him directly to resolve the situation.