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Mr. Shortfall placed a market order to buy 100 shares of Google (GOOG) with GetErDone Broker-Dealers. The market order was executed at $530 a share. In accordance with Regulation T:
Suggested Answer: D
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After his market order to buy shares of GOOG is executed, Mr. Shortfall must pay for the shares within 5 business days. If he is unable to do so within this time period, GetErDone can request an extension from FINRA or another SRO for him.
12 comments · newest first
SH
Shawnda
11 months ago
Both B and C sound right to me!
LE
Leslie
12 months ago
I thought it was 3 days for market orders.
NA
Nan
12 months ago
Wait, can they really get an extension? That seems odd.
JI
Jill
12 months ago
Totally agree, it's 5 days for sure!
VA
Valda
1 year ago
Regulation T requires payment within 5 business days.
TH
Theodora
1 year ago
I’m leaning towards option D because it seems like both B and C could be correct based on what I studied.
JU
Junita
1 year ago
I feel like GetErDone could ask for an extension, but I can't recall the exact rules about that.
IN
In
1 year ago
I practiced a similar question where it was definitely 5 business days for payment under Regulation T.
CY
Cyril
1 year ago
I think I remember Regulation T saying something about payment deadlines, but I'm not sure if it's 3 or 5 days.
MA
Malcom
1 year ago
Okay, let me see. I think the objective is to create the initial version of the Architecture Roadmap. That makes sense as a key output of the Preliminary Phase, right?
SH
Shelton
1 year ago
Hmm, I'm a bit confused on this one. I know Intune is for mobile device management, but I'm not sure which platform specifically requires IT deployment.
GE
Gerri
1 year ago
Hmm, I'm not entirely sure about this one. I'll have to review the material on virtual gateways and message delivery.