Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Finra Series-7 Exam - Topic 7 Question 41 Discussion

Actual exam question for Finra's Series-7 exam
Question #: 41
Topic #: 7
[All Series-7 Questions]

With the Regulation T requirement at 50%, a firm wishes to impose house rules that require a minimum equity of 40%.

Which of the following is true?

Show Suggested Answer Hide Answer
Suggested Answer: C

this is permissible. Firms may establish house rules as long as they are at least as strict as the minimum maintenance requirements. Reg T only dictates an initial requirement and does not address minimum equity.


by Golda at May 05, 2022, 06:00 PM

Limited Time Offer

25%

Off

Get Premium Series-7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Ocie
5 months ago
Wait, can they really set it that low? Sounds off.
upvoted 0 times
...
Daniela
6 months ago
B makes sense, maintenance is lower.
upvoted 0 times
...
Marlon
6 months ago
I think C could be right, but it seems risky.
upvoted 0 times
...
Marjory
6 months ago
Totally agree, 50% is the minimum.
upvoted 0 times
...
Winifred
6 months ago
A is correct, can't go below Reg T.
upvoted 0 times
...
Martha
6 months ago
D sounds familiar too, but I thought that only applied to certain changes. I guess it could be a possibility, but I lean towards A.
upvoted 0 times
...
Tina
6 months ago
I feel like I studied this, and it seems like C could be permissible since firms can set their own rules as long as they meet the minimums.
upvoted 0 times
...
Johna
6 months ago
I remember something about maintenance requirements being lower than initial margin, but I can't recall the exact numbers. Could B be right?
upvoted 0 times
...
Flo
6 months ago
I think the house rule can't be lower than Regulation T, so maybe A is correct? But I'm not entirely sure.
upvoted 0 times
...
Gary
6 months ago
I'm a bit confused by this question. The wording is a bit complex, and I'm not entirely sure I understand all the technical details involved. I'll need to read through it a few times to make sure I'm grasping the core issue.
upvoted 0 times
...
Dominic
6 months ago
I'd definitely spend a minute carefully tracing through each box and arrow. Don't rush, but don't overthink it either.
upvoted 0 times
...
Roy
6 months ago
I'm pretty sure the information is reported in the event logs, so I'll go with option C.
upvoted 0 times
...
Talia
6 months ago
Okay, I've got this. The command we need is "show netconf-yang sessions", which will display the details of each active NETCONF session, including the login time. Easy peasy!
upvoted 0 times
...

Save Cancel