A customer calls his agent on Friday after the markets have closed and tells him to sell his position in XYZ stock when the market opens on Monday. The customer is holding the XYZ shares at his home, but is leaving tomorrow on a 2 week vacation. The customer asks the broker to come over to his house tonight to pick up the securities. Under the Uniform Securities Act, the agent should:

Explanation:

Under the Uniform Securities Act, the agent should not take custody of the securities but should have the customer send the securities directly to the brokerage firm by registered mail or delivery service. The agent should never take custody of physical security assets since many unfortunate events can occur which may result in the loss of those assets. Therefore sending it by registered mail would be the safest and fastest option will still maintaining the responsibility of those assets to the owner.

answer; /// the use of a bank credit card to make purchase;