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
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The old firm has 3 business days to decide

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