Series 7 - General Securities Representative Exam
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Which of the following is a marginable security?
IPOs after the first 30 days
A
Non LEAP options
B
Non-Nasdaq OTC securities
C
When-issued, nonexempt securities
D
Explanations
IPOs are non marginable for the first 30 days after issue; and are marginable thereafter. The other 3 examples are non marginable security types