Question: FINRA Rule 3 2 4 0 concerns lending relationships between registered representatives and their customers. Under this rule, in order for a r loan from

FINRA Rule 3240 concerns lending relationships between registered representatives and their customers. Under this rule, in order for a r loan from a customer, the member firm must have written procedures allowing lending agreements, and the member must pre-approve the between the representative and customer must fall into one of five permissible relationships. All of the following relationships would be pel
A the customer is a member of the registered representative's immediate family
B the customer is in the business of lending money
C the customer has given written approval to the representative
the customer is your father
FINRA Rule 3 2 4 0 concerns lending relationships

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