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NEW QUESTION: 1
A wealth investor gives Bubba discretion to invest $50,000 for him in any way Bubba sees fit. Therefore, Bubba must:
A. be registered with the NYSE and FINRA as a representative
B. furnish written documents of authority to the brokerage firm executing the orders
C. conform to the prudent man requirements in that state
D. a registered representative with the SEC under the Investment Advisors Act of 1940
Answer: B
Explanation:
Explanation/Reference:
Explanation: furnish written documents of authority to the brokerage firm executing the orders. The wealthy investor has simply given Bubba discretion over the account. The brokerage firm only requires evidence that this authority has been granted to Bubba.


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