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Finra Series-7 Exam - Topic 2 Question 48 Discussion

In which of the following situations may exemption from compliance with Regulation T be granted?
D) none of the above
A) a broker/dealer who does not offer margin accounts
B) a broker/dealer conducts business only in registered securities
C) a broker/dealer transacting less than 10% of its business through a member of a securities exchange

Finra Series-7 Exam - Topic 2 Question 48 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 48
Topic #: 2
[All Series-7 Questions]

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

Show Suggested Answer Hide 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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Kandis
10 months ago
I thought all broker/dealers had to comply, this is confusing.
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Audrie
10 months ago
Definitely not D, there are exceptions!
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Simona
11 months ago
Wait, are you serious? None of these sound right.
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Maryann
11 months ago
I think option B is correct too!
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Maybelle
11 months ago
A broker/dealer not offering margin accounts can be exempt.
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Lonny
11 months ago
I’m leaning towards option D, "none of the above," but I can't recall the specifics of why that would be the case.
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Bronwyn
11 months ago
I’m a bit confused about the 10% rule. Does that mean if a broker/dealer does less than 10% of its business through an exchange, they might qualify for an exemption?
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Rochell
11 months ago
I think I remember that Regulation T exemptions can apply to certain types of broker/dealers, but I'm not sure which one fits best here.
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Heike
11 months ago
I feel like we practiced a question similar to this in class, and I think it was about broker/dealers who only deal with registered securities.
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Tequila
11 months ago
I think the answer is likely related to the concurrency settings for the Mediator or the JMS adapter. If those aren't configured properly, it could lead to the messages being processed out of order.
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Chauncey
11 months ago
Hmm, I'm a little unsure about the differences between the teams listed. I'll need to think carefully about which one is the first responder.
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Dallas
11 months ago
This seems like a straightforward networking question. I'd focus on the key details - the network administrator noticed spikes in traffic during the outage, so the issue is likely related to bandwidth capacity.
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