Series 7 - General Securities Representative Exam
Preview Mode
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 security
A
When the RR's firm is a market maker in the underlying security
B
When the RR's firm is a broker-dealer and is prepared to give the order to a broker's broker
C
When the RR's firm is a broker-dealer that is prepared to submit the order to an ECN
D
Explanations
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
Pricing
Basic
Part of the questions for each course
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- Course
- Questions
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- SIE
- 20 of 150
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- Series 6
- 30 of 500
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- Series 7
- 50 of 625