Series 7  General Securities Representative Exam
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If at any time during a single trading session, the S&P 500 Index is down 20% of the closing price for the previous day, which of the following occurs?
Trading is halted on all US stock exchanges for the remainder of the trading day
A
Trading is halted on all US stock exchanges for 15 minutes
B
Trading is halted on all US stock exchanges for 60 minutes
C
Trading is halted on all US stock exchanges for 30 minutes and then resumes with another 5% downside limit before the next halt
D
Explanations
If the S&P 500 index drops 20% intraday, trading is halted on all US stock exchanges for the remainder of the trading day. This is a level 3 halt. Level 1 halt is 7%, Level 2 halt is 13%.
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Part of the questions for each course

 Course
 Questions

 SIE
 20 of 150

 Series 6
 30 of 500

 Series 7
 50 of 625