Practice Quiz

FINRA Series 7

Category - Series 7

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In considering the fairness of a firm’s markup, the FINRA considers:
  1. dealer cost for the security
  2. financial condition of the client
  3. profitability of the member firm
  4. amount of the transaction
Explanation
Answer: D - amount of the transaction. The other choices are not FINRA considerations. The dollar amount of the transaction is one of the factors considered in markup fairness. Other factors include the type of security, the amount of service rendered, the unit price of the security, and general availability of the security.
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