Practice Quiz

FINRA Series 7

Category - Series 7

Start a Study Session Sign up for Question of the Day
Under Regulation T, when must money be deposited to cover requirements for Bubba’s new purchases on margin?
  1. no later than the fifth business day after the trades
  2. no later than the seventh business day after the trades
  3. on the day of the trades
  4. on the next business day following the trades
Explanation
Answer: A - no later than the fifth business day after the trades. Bubba should pay up no later than the fifth business day.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz