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SOFE SOFA-CFE Exam - Topic 6 Question 2 Discussion

Posted by Cecily on May 05, 2022 at 04:18 AM

What represents balances due from brokers when a security has been sold, but the proceeds have not been received?

Suggested Answer: B

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12 comments · newest first
AH
Ahmad 11 months ago
Yeah, I was surprised too!
TE
Tequila 11 months ago
I thought it was "Payable for securities."
LI
Lizette 12 months ago
Wait, is it really that simple?
CO
Coleen 12 months ago
Totally agree, that's the correct term!
GL
Glenn 12 months ago
It's definitely "Receivable for securities."
EL
Elfrieda 1 year ago
I feel like I’ve seen a question like this before, and I think "Receivable for securities" was the right answer then too.
JU
Junita 1 year ago
I’m a bit confused; I thought "Payable for securities" could also fit, but that seems more like what we owe rather than what we’re owed.
MA
Mabel 1 year ago
I think it might be "Receivable for securities," but I'm not entirely sure. It sounds familiar from the practice questions.
WE
Wendell 1 year ago
I remember something about balances due being classified as receivables, so I’m leaning towards option B as well.
AL
Aliza 1 year ago
Wait, isn't HTTP just the basic web protocol? I don't think that's considered secure.
LE
Leslee 1 year ago
This seems like a straightforward Splunk question. I'm going to go with B. Splunk definitely parses data and assigns metadata, so that part of the statement is accurate.
YO
Yolande 1 year ago
Hmm, I'm a bit unsure about this one. I'll need to review my notes on the RTN 910A CSHR board and its connectivity options.
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