An elderly customer has a discretionary account with your firm. The power of attorney signed by the customer for the account is durable. If the customer becomes mentally incapacitated, the registered representative handling the account:

Can no longer effect discretionary trades for that customer is the correct answer.

Explanation:

answer; i believe the correct answer is (a) purchase of treasury stock;

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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