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At the time of opening an account for a dient, you ask him if he...

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Accounting

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At the time of opening an account for a dient, you ask him if he wants to hold his mutual investments in dienthane or nominee name. Your client asks you to explain the difference What would you tell your dent? O ) 16 8 8 Oo in both cases the investments are held by the deter as trustee for the dient insurance protection under the MFDA investor Protection Fund is only wable for contemtriomine come the mutual fund dealer In the case of investments held in client name the most receive instructions from the con how the dent's money should be invested when the investments are held in nominen name, the dealers scretion to make investment decisions Wher investments are holdin nominee a purchase or redemption instructions to the investment fund manager must be sgned by the dirt

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