An agent is assisting a client in opening an account who refuses to provide his net worth and annual income. The agent should:
A) proceed with opening the account.
B) refuse to open the account.
C) seek permission to consult with the client's fiduciary team including accountants and attorneys to obtain the financial information.
D) consult a registered principal of the firm to determine its policy on opening an account when the customer refuses to provide financial information.
Answer: D) consult a registered principal of the firm to determine its policy on opening an account when the customer refuses to provide financial information.