Of the following, which is the most important reason for a broker to maintain a trust fund account in addition to a regular business account?
a. To provide a means of control over the destiny of transactions being negotiated
b. It is easier from an accounting point of view
c. The bank is responsible for any loss to the trust fund account resulting from embezzlement
d. The consequences which could occur should legal action be taken against the broker
Answer: d. The consequences which could occur should legal action be taken against the broker
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