Series 7 - General Securities Representative Exam
Which of the following is a marginable security?
IPOs after the first 30 daysA
Non LEAP optionsB
Non-Nasdaq OTC securitiesC
When-issued, nonexempt securitiesD
IPOs are non marginable for the first 30 days after issue; and are marginable thereafter. The other 3 examples are non marginable security types