Answered

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Under FINRA rules, if a member suspects that a senior citizen is being financially exploited: A a freeze can be placed on all disbursements from the account for up to 10 business days B a freeze can be placed for up to 10 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements C a freeze can be placed on all disbursements from the account for up to 15 business days D a freeze can be placed for up to 15 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements Review

Sagot :

Answer: D. a freeze can be placed for up to 15 business days on suspicious disbursements from the account, but not on other non-suspicious disbursements

Explanation:

Under FINRA rules, if a member suspects that a senior citizen is financially exploited, the following can occur:

• a freeze can for up to 15 business days can be placed on the suspicious disbursement.

• Another 10 days can be added in case if the review of a member is supported.

• The disbursements will be from the account, but not on the other non-suspicious disbursements.

Therefore, based on the above, the correct option is D.

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