SIE Exam Question 84: Answer and Explanation

Question: 84

Prior to the Options Disclosure Document (ODD) being delivered, a registered representative may do which of the following:

  • A. Solicit a sale of an options contract as long as the ODD is sent before or at the time of sale
  • B. Place an options trade for a client’s account as long as the ODD is sent the same day
  • C. Place an options trade for a client’s account as long as the ODD is sent before settlement
  • D. Limit discussions to general descriptions of the options

Correct Answer: D

Explanation:

Prior to the Options Disclosure Document (ODD) being delivered, a registered representative must limit discussion to general descriptions of the options. Solicitations and trades are not allowed prior to delivery of the ODD.

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