Series 10 Exam Question 9: Answer and Explanation

Question: 9

A brokerage firm may charge a fee for which of the following?

I. The safekeeping of securities

II. The collection of dividends

III. Lack of activity in the account

IV. The clipping of coupons

• A. I and II
• B. II and III
• C. I, II, and IV
• D. I, II, III, and IV

Correct Answer: D

Explanation:

A firm may charge a fee for all of the services listed.