Series 7 - General Securities Representative Exam
Your client, Mr X, just called you to get a quote on a common stock, PQR. Which of the following methods of quoting is unacceptable?
Right now, it is trading at $108.18 at $102.40A
The last time i checked, it was $102.18 by $102.40B
It is $102.18 at $102.40C
It is trading at $102.18 to $102.40 - subjectD
C is a firm quote - a firm quote cannot be given unless your company is a market maker in the underlying security. This verbiage indicates a definite price where a trader can buy or sell the security