Series 7 - General Securities Representative Exam
Which of the following is true about a floor specialist stopping stock?
The specialist cannot stop stock under any circumstancesA
The specialist can only stop stock for non public ordersB
The specialist needs approvalC
The specialist is guaranteeing a priceD
Stopping stock guarantees a specific execution price and can only be done for public orders. They buy and sell out of their own inventory; so they can stop stock