Finra Exam Series-7 Topic 1 Question 37 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 37
Topic #: 1

Under Regulation T of the Federal Reserve, when may a broker overlook an amount due in a customer's account?

Aif it does not exceed $1,000

Bif the client makes a request in writing

Cif the value of a trade is less than $1,000

Dunder no circumstances

Show Suggested Answer

Suggested Answer: A

if it does not exceed $1,000. If the net amount due is less than $1,000 no action is required under Reg T.

by Raina at May 08, 2022, 11:49 PM

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