Series 7 - General Securities Representative Exam
When is it permissible for a registered rep to give a firm quote?
When the RR's firm is acting in an agency capacity in the transaction for the underlying securityA
When the RR's firm is a market maker in the underlying securityB
When the RR's firm is a broker-dealer and is prepared to give the order to a broker's brokerC
When the RR's firm is a broker-dealer that is prepared to submit the order to an ECND
Firm quotes can only be given when an RR's firm is a market maker in the security. Firm quotes indicate that the security can be bought or sold at the quoted prices instantly