Series 7 - General Securities Representative Exam

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Your client wants to purchase a very thinly traded Pink Market stock. It only trades about 6000 shares per day, on average. You check the quotes and see only one market maker displaying quotes for this stock. How many dealers must your broker-dealer contact to ascertain the market price of this stock?

3
A
2
B
1
C
0
D

Explanations

Pink market securities are subject to FINRA's three quote rule. To ensure the customer is getting the best price, 3 dealers (minimum) must be contacted

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