Hello. This question is incomplete. The full question is
"If an elderly customer of a RR develops dementia so that he can no longer handle his own affairs and the RR becomes aware of the customer's situation, the RR can only take orders for trades in the customer's account from third party who:
[A] Has a power of attorney [B] Is a court appointed guardian or conservator of the customer's property [C] Has a signed letter from the customer authorizing a third party to act for him [D] Is a close relative of the customer"
Answer:
[B] Is a court appointed guardian or conservator of the customer's property
Explanation:
A professional who takes care of a client with dementia must be very careful with people who can take advantage of the client, whether in a social, physical, emotional or economical way. This is because, as the client has a reduced mental capacity, this client is unable to defend himself from possible profiteers.
Accordingly, it is important to note that this professional can only receive requests for transactions in the client's account from third parties who have been appointed by a court (and can confirm this) as a custodian or conservator of the client's property.
