In a Monthly Review of Customer Statements, Bubba Notices That

In a monthly review of customer statements, Bubba notices that one of his firm's clients has paid for seven purchases five days late. What does he do?

A) decides this situation is acceptable provided payment was received before any securities were sold
B) ascertains whether the client had a sufficient bank balance on settlement date
C) nothing because this is not a violation provided the securities were not listed on the NYSE
D) ascertains that extensions had been obtained under Reg T