What kind of trade is it when the client provides order details without input from the representative?

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The situation described involves a client independently providing order details, which aligns with the definition of an unsolicited trade. This type of trade occurs when a client initiates a transaction without any influence, suggestion, or recommendation from a financial representative. The client takes the initiative to determine what actions to take regarding the security, reflecting their own decision-making process.

In contrast, discretionary trades occur when a representative makes decisions on behalf of the client without the client’s prior approval for specific trades. Solicited trades are those initiated by the representative based on advice or recommendations given to the client, meaning the client would not be solely responsible for the details of the trade. Unclassified is not a standard term used in trading contexts and therefore does not appropriately define this scenario. Thus, the characterization of the trade as unsolicited clearly identifies the client’s complete autonomy in initiating the order.

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