Finra Exam Series-7 Topic 4 Question 60 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 60
Topic #: 4

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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