n NISM Certifications
VII NISM Series VII
Medium

What type of evidence is kept by stock brokers while executing client orders?

Practice question from NISM Series VII Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Emails from client’s authorized email id

  2. B

    Physical record written & signed by client

  3. C

    Log for internet transactions

  4. All of the above

    Correct answer

Why this is the answer

Brokers must maintain verifiable evidence of client orders to prevent unauthorized trades. Acceptable forms include signed records, email confirmations, internet logs, and call recordings.

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NISM Series VII Mock Test 5