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Social Studies, 20.09.2020 16:01 katie6097

A customer placed an order with an agent to sell 100 shares of ABC and he instructed the agent to limit any losses. The agent did not have discretionary authority over the account and waited to sell the shares, hoping to get a better price for the customer. The price of the shares went down, so the agent sold 50 ABC shares to limit the customer's losses. According to the Uniform Securities Act, this is a:.A) violation because the agent acted without discretionary authorityB) violation because the agent is required to execute sell transactions immediately after the order is placedC) permissible activity because the agent is obligated to get the best price for the customerD) permissible activity because the agent is not permitted to guarantee a price to a customer

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A customer placed an order with an agent to sell 100 shares of ABC and he instructed the agent to li...
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