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An Investment Adviser that does not take custody of customer funds receives a check from a customer to buy $10,000 of a mutual fund made payable to the Adviser instead of the Fund Custodian. The Investment Adviser should:_____.
A. deposit the check to its account and write a check from that account in the same amount made payable to the Plan Custodian.
B. endorse the back of the check with the Investment Adviser name and, below the endorsement, write in the Fund Custodian's name.
C. return the check to the customer and ask for a new check made payable to the Fund Custodian.
D. cash the check and use the funds to buy a money order in the same amount made payable to the Fund Custodian.

Sagot :

gurleendoel16

Answer:

C. return the check to the customer and ask for a new check made payable to the Fund Custodian

Explanation:

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