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Finra Series-7 Exam - Topic 4 Question 60 Discussion

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

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

Suggested Answer: A

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


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12 comments · newest first
BU
Bulah 12 months ago
Just to clarify, it's on the day of the trades, right?
GR
Gracie 1 year ago
Wait, are you sure? I thought it was the seventh day.
FE
Felix 1 year ago
I agree, it's the fifth day. Regulation T is pretty clear on that.
MA
Marshall 1 year ago
I thought it was the next business day, but I guess I was wrong!
BR
Britt 1 year ago
It's definitely no later than the fifth business day after the trades.
DE
Deangelo 1 year ago
I’m leaning towards the seventh business day, but I could be mixing it up with another regulation.
PA
Paulina 1 year ago
I feel like it might be on the day of the trades, but that seems too soon.
CA
Carmen 1 year ago
I remember practicing a question like this, and I think it was about the next business day.
SO
Sommer 1 year ago
I think it's no later than the fifth business day after the trades, but I'm not completely sure.
SU
Sue 1 year ago
This looks like a straightforward question about NetProfiler's Service Monitoring capabilities. I'm pretty confident I can answer this one.
GE
German 1 year 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.
RO
Rosio 1 year 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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