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Which of the following customers Is eligible to open an institutional account at a broker-dealer?
Suggested Answer: D
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12 comments · newest first
TR
Trina
3 days ago
Wait, does an investment club really count?
AL
Aliza
8 days ago
I think the insurance company qualifies too!
VA
Valentine
13 days ago
A corporation with $25 million can definitely open an institutional account.
MA
Margo
18 days ago
Not sure about the investment club, seems like a stretch to me.
JO
Josephine
24 days ago
The limited liability partnership is good to go with $20 million!
ES
Essie
29 days ago
Wait, can an investment club really have an institutional account? Sounds odd.
AL
Alesia
1 month ago
I think the insurance company qualifies too, right?
HE
Hester
1 month ago
A corporation with $25 million can definitely open an institutional account.
LU
Luis
1 month ago
I’m leaning towards option D because insurance companies usually have significant assets, but I’m not entirely sure if the others could qualify too.
SA
Sanjuana
2 months ago
I feel like I read somewhere that partnerships can qualify, but I can't recall the specifics. I think the limited liability partnership might be eligible.
DA
Daniel
2 months ago
I practiced a similar question where the asset threshold was a key factor. I believe options B, C, and D all meet the criteria, but I’m not certain about the investment club.
AM
Amie
2 months ago
I think I remember that institutional accounts are typically for larger entities, but I'm not sure if the investment club qualifies since it's just a pooled asset.