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Gershon is a Dealing Representative and he opens a new account for his client, Isaac.

Gershon is a Dealing Representative and he opens a new account for his client, Isaac. Gershon collects the necessary information from Isaac in order to designate the Trusted Contact Person (TCP) for Isaac’s account. Which of the following statements about Isaac’s TCP is CORRECT?

A.

The TCP is an alternative to a Power of Attorney (PQA) and has the authority to make changes to Isaac's account and direct trading.

B.

The TCP is an alternative authority on Isaac's account that has the power to place a temporary hold on Isaac's account to disallow trading.

C.

The TCP is the person whom Gershon can speak to if he becomes concerned about Isaac's mental capacity to make financial decisions.

D.

The TCP is the person who is designated with authority to direct financial dealings for Isaac's account and make financial decisions.

CSI IFC Summary

  • Vendor: CSI
  • Product: IFC
  • Update on: Dec 16, 2025
  • Questions: 447
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