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FINRA Series 7

Category - Series 7

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To accommodate a customer’s order to buy an over-the-counter stock, a broker/dealer is permitted to:

sell him shares from the firm’s inventory
sell these shares short to the customer
act as agent on this transaction
all of the above

Explanation

Answer: D - all of the above. All of the choices are normal ways for the broker to fill the customer’s order.

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FINRA Series 7

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FINRA Series 7

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