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Series 7Question 2 / 10

Which of the following is NOT a reason for the Registered Options Principal (ROP) to decline an account application?

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✓ Correct answer: D. Misdemeanor in a criminal background check The ROP needs to be certain that a customer is financially stable enough to assume certain investment risk. Having a misdemeanor does not significantly affect a customer's source of wealth or source of income. However, if the customer had a criminal record with a larger and more related incident, for example a violation of SEC insider trading laws, then this should certainly be considered in the approval decision.

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