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Under the "penny stock rule," a customer is considered to be "established" and does not have to sign a suitability statement to buy a penny stock if that customer has bought how many penny stock issues previously from that broker-dealer?

Respuesta :

jepessoa

Answer:

three

Explanation:

The two conditions that allow a penny stock customer to be considered a established customer is that he/she has  purchases at least 3 or more penny stock issues previously with the same broker, or the customer has cash or other securities in custody with broker for more than 1 year.

Any of those requirements will provide the status of an established customer.

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