Series 7 - General Securities Representative Exam

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For an account to receive approval for day trading, a FINRA member

Should not consider the customer's investment objectives
A
Should not consider the customer's trading experience
B
Must exercise reasonable diligence that day trading is appropriate for the customer
C
Must obtain a recent bank account showing the customer has at least $25,000 in net liquidity.
D

Explanations

A bank account statement is not required. The customer's investment objectives and trading experience are considered for day trading approval

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