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Business, 26.02.2020 00:57 spazzinchicago

A customer has opened a margin account and has signed both the hypothecation agreement and the loan consent agreement. The brokerage firm can do all of the following with the customer's securities EXCEPT.

A. commingle the customer's securities with those of other customers
B. lend the stock to another customer who wishes to effect a short sale
C. commingle the customer's securities with securities owned by the brokerage firm
D. pledge the customer's securities to a bank for a loan

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