Series 31 Practice Questions - Futures Managed Funds Examination Exam

Which statement about customer funds in a managed commodity account is most accurate?

They are generally sent to the carrying FCM or other proper account destination, not casually to the CTA They should normally be made payable directly to the individual salesperson They should be deposited into the CTA's office operating account first They may be kept temporarily in the representative's personal escrow account

Correct Answer:

They are generally sent to the carrying FCM or other proper account destination, not casually to the CTA

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