Series 7 - General Securities Representative Exam
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A floor broker has an order to buy 1000 shares of ABC at the market and he also has an order to sell 1000 shares of ABC at the market. He walks over to the trading post and announces the orders while executing the orders against each other at a neutral price. What did the specialist just do?
He violated securities laws
A
He pegged the orders
B
He crossed stock
C
He closed a WI transaction
D
Explanations
This is crossing orders - also known as crossing stock.
Pricing
Basic
Part of the questions for each course
-
- Course
- Questions
-
- SIE
- 20 of 150
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- Series 6
- 30 of 500
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- Series 7
- 50 of 625