Series 7 - General Securities Representative Exam

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Mary is an indenture trustee. She recently began to develop a conflict of interest. Under the Trust Indenture Act of 1939, she should be removed

within 90 days after conflict of interest is known
A
within 60 days after conflict of interest is known
B
within 30 days after conflict of interest is known
C
immediately after conflict of interest is known
D

Explanations

The correct number of days is 90