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A customer wishes to open a cash account and give trading authorization to a sibling. The required documentation would include which of the following?New account form.Joint account agreement.Customer agreement.Limited power of attorney.A) I and III. B) I and IV. C) II and III. D) II and IV.

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Answer: B) I and IV

Explanation:

For the customer to open a new cash account they would need to fill out a  new account form to initiate the process as is standard.

Also because they wish to give trading authorization to a sibling, this would need to be supported by a legal document stating that the sibling has been given such permission by the owner of the account. The relevant document would be a limited Power of Attorney.

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