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Sagot :
An account in which the investment adviser representative chooses portfolio securities on behalf of the client. Hence, c) option is correct.
An account in which the investment adviser representative chooses portfolio securities on behalf of the client. When a member firm or its representative places an order on behalf of a customer without that customer's express consent, that order is discretionary. Additionally, the company must select at least one of the following: the magnitude of the trade, whether to purchase or sell, or the security in order for the order to be deemed discretionary. It is not thought to be an exercise of discernment to choose the time and price.
The ability to be the only one who interprets claims is known as discretionary authority. A clause in an insurance contract grants it to insurance firms.
To know more about insurance refer:
https://brainly.com/question/27822778
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