Finra Exam Series-7 Topic 2 Question 48 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 48
Topic #: 2

In which of the following situations may exemption from compliance with Regulation T be granted?

Aa broker/dealer who does not offer margin accounts

Ba broker/dealer conducts business only in registered securities

Ca broker/dealer transacting less than 10% of its business through a member of a securities exchange

Dnone of the above

Show Suggested Answer

Suggested Answer: D

none of the above. No broker/dealer is exempt. Reg T covers cash accounts as well as margin accounts.

by Theola at May 03, 2022, 10:59 PM

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