Series 7 - General Securities Representative Exam
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According to Uniform Practice Code for ACAT transfers, the old firm
Has three business days from the time it receives the transfer from to decide if it is going to complete or reject the transfer
A
Has one business day from the time it receives the transfer from to decide if it is going to complete or reject the transfer
B
Has six business days from the time it receives the transfer from to decide if it is going to complete or reject the transfer
C
Has five business days from the time it receives the transfer from to decide if it is going to complete or reject the transfer
D
Explanations
The old firm has 3 business days to decide