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Finra Series-7 Exam - Topic 4 Question 60 Discussion

Under Regulation T, when must money be deposited to cover requirements for Bubba's new purchases on margin?
A) no later than the fifth business day after the trades
B) no later than the seventh business day after the trades
C) on the day of the trades
D) on the next business day following the trades

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?

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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
10 months ago
Just to clarify, it's on the day of the trades, right?
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Gracie
10 months ago
Wait, are you sure? I thought it was the seventh day.
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Felix
10 months ago
I agree, it's the fifth day. Regulation T is pretty clear on that.
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Marshall
11 months ago
I thought it was the next business day, but I guess I was wrong!
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Britt
11 months ago
It's definitely no later than the fifth business day after the trades.
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Deangelo
11 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
11 months ago
I feel like it might be on the day of the trades, but that seems too soon.
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Carmen
11 months ago
I remember practicing a question like this, and I think it was about the next business day.
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Sommer
11 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
11 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
11 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
11 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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