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Finra Series-7 Exam - Topic 4 Question 60 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 60
Topic #: 4

[All Series-7 Questions]

Under Regulation T, when must money be deposited to cover requirements for Bubba's new purchases on margin?

Ano later than the fifth business day after the trades

Bno later than the seventh business day after the trades

Con the day of the trades

Don the next business day following the trades

Show Suggested Answer

Suggested Answer: A

no later than the fifth business day after the trades. Bubba should pay up no later than the fifth business day.

by Alishia at Oct 27, 2022, 02:52 AM

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Bulah

8 months ago

Just to clarify, it's on the day of the trades, right?

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Gracie

8 months ago

Wait, are you sure? I thought it was the seventh day.

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Felix

9 months ago

I agree, it's the fifth day. Regulation T is pretty clear on that.

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Marshall

9 months ago

I thought it was the next business day, but I guess I was wrong!

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Britt

9 months ago

It's definitely no later than the fifth business day after the trades.

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Deangelo

9 months ago

I’m leaning towards the seventh business day, but I could be mixing it up with another regulation.

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Paulina

9 months ago

I feel like it might be on the day of the trades, but that seems too soon.

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Carmen

9 months ago

I remember practicing a question like this, and I think it was about the next business day.

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Sommer

9 months ago

I think it's no later than the fifth business day after the trades, but I'm not completely sure.

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Sue

9 months ago

This looks like a straightforward question about NetProfiler's Service Monitoring capabilities. I'm pretty confident I can answer this one.

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German

9 months ago

Service-parts forecast, available-to-promise, time fences, and allocations - those all sound like they could be elements calculated in the master scheduling process. I'll try to eliminate the options I'm less sure about.

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Rosio

10 months ago

I'm leaning towards “Retrieve” because it seems to fit the concept of what HTTP requests do, but I could be mixing it up.

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