SEC regulations state that a brokerage firm must provide a current financial statement (balance sheet) to:
a. A customer when requested by the customer
b. A noncustomer who requests it
c. Both of the above
d. Neither of the above
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Answer: C. Both of the above. According to SEC regulations, a brokerage firm must provide a current financial statement (balance sheet) to both customers and non-customers who request it. The financial statement must provide an accurate representation of the financial position of the brokerage firm, including assets, liabilities, and equity.