TB $15-02$ Ted Johnson is employed by a large securities$...$

Ted Johnson is employed by a large securities brokerage firm as a junior account executive. The nature of Ted's responsibilities is to manage the portfolio accounts for approximately $25$ clients. Ted's relationship with his clients is characterized by which of the following?

Multiple Choice

All of the responses are correct.

When Ted receives information about a pending stock split for a client's stock, Ted's client is attributed with this knowledge whether he actually receives it or not.

Ted may be liable to a client for failure to trade securities for the account in certain circumstances if the client experiences a loss as a result.

Ted must deposit any proceeds from the sale of a client's securities in a separate account identified as the client's.