A registered representative reads in that morning's newspaper that "Asian securities markets appear to have finally bottomed out." Based on this information, the registered representative calls each of her customers and says "Now is the time to buy Asia Fund." This action by the registered representative is:

Is a prohibited practice, since a suitability determination was not made for each client.

Explanation:

One of the major reasons of going into a particular field or specialization in market is if you really wanted and can suit the market you're going into. Emergency entry into the market sometimes can fail, the fact every opportunity opens up doesn't mean you'll jump into it; one thing to consider is; is it suitable for my organization to go after, then get to know the pros and cons, weigh them, then decide.

Please find the journal entries in the explanation section

Explanation:

March 11

Dr Bad expense $8,300

Cr Accounts Receivable Leer Co. $8,300

(Being the write off of uncollectible accounts receivable)

March 29

Dr Accounts Receivable-- Leer Co $8,300

Cr Bad expense $8,300

(Being the reversal of the previous account write off)

March 29

Dr Cash $8,300

Cr Accounts ReceivableLeer Co$8,300

(Being cash receipt from the accounts receivable)