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FINRA Series 7

Category - Series 7

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A group net order is one that benefits municipal syndicate members:

equally
according to their percentage participation in the account
according to the number of designated orders they’ve received
according to the number of presale orders they’ve received

Explanation

Answer: B - according to their percentage participation in the account. For example, if the group net order produces $3,000 in fees and a syndicate member has a 10% overall participation, that member receives $300 in fees.

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FINRA Series 7

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FINRA Series 7

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