Finra Exam Series-7 Topic 3 Question 43 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 43
Topic #: 3

How many days after the settlement date must a broker/dealer ''buy in'' a customer who has failed to deliver securities?

A10 days

B15 days

C30 days

D45 days

Show Suggested Answer

Suggested Answer: A

10 days. The customer has 10 days to deliver before the broker will buy in the account.

by Cyndy at May 10, 2022, 01:24 AM

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