A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market. Under FINRA Rules, the registered representative must do which of the following before executing the transaction?[A] Have the stock in its position
[B] Nothing, there are no restrictions on accepting the order.
[C] Receive reasonable assurance from the customer that the stock will be delivered in good deliverable form within two business days from trade date.
[D] Receive reasonable assurance from the customer that the stock will be delivered in good deliverable form within 10 business days from trade date.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If a firm declares a 20:1 stock split, and the pre-split price was $500, then we might expect the post-split price to be $25. However, it often turns out that the post-split price will be higher than $25.
Answers (1)
Hueblue Software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-enabled games for the mobile gaming industry.
Answers (2)
A firm sells a product in a perfectly competitive market. The marginal cost of the product at the current output level of 1,000 units is $2.50. The minimum possible average variable cost is $2. The market price of the product is $2.50.
Answers (1)
Suppose that over the last twenty-five years a country's nominal GDP grew to three times its former size. In the meantime, population grew by 40 percent and prices rose by 100 percent. What happened to real GDP per person? a. It more than doubled. b.
Answers (1)
Different ways in SATourism promotes tourism development and growth
Answers (1)
New Questions in Business
Sundance Systems has the following transactions during July. July 5 Purchases 56 LCD televisions on account from Red River Supplies for $3,300 each, terms 3/10, n/30. July 8 Returns to Red River two televisions that had defective sound.
Answers (1)
Landow Company uses variable costing for internal purposes and wants to restate income to that of absorption costing for external reporting purposes. Landow's income under variable costing is $630,000.
Answers (1)
The students in Mrs. Reed's English class are reading the same $760$-page novel. Three friends, Alice, Bob and Chandra, are in the class. Alice reads a page in $20$ seconds, Bob reads a page in $45$ seconds and Chandra reads a page in $30$ seconds.
Answers (1)
Which of the following would not be included in calculating the incremental cash flow for a project? The firm expects sales of the new product to be $5,000,000 per year.
Answers (1)
The type of uncertainty that is in operation when an entrepreneur takes a gamble on an as yet non-existent market is called ambiguity. True False
Answers (1)