Series 7 - General Securities Representative Exam
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Your client just called you and wants to buy a stock that he heard about from a friend. You write up an order ticket and the trade is made. What kind of trade is this?
Unsolicited Trade
A
Solicited Trade
B
Control Stock Transaction
C
When-issued Transaction
D
Explanations
Unsolicited trades are when an investor initiates the transaction by instructing the registered rep to buy or sell a security. Solicited trades are recommended by the registered rep.