SIE - Securities Industry Essentials Exam
Which of the following can be transacted in an UTMA account with a $10,000 balance?
Long 1000 shares of a $15 stockA
Long 500 shares of a $18 stockB
Selling a naked call option and receiving $1500 in premiumC
Shorting 100 shares of a $5 stockD
( A ), ( C ) & ( D ) are all margin account related activities. Margin trading is not allowed in an UTMA account.
Part of the questions for each course
- 20 of 150
- Series 6
- 30 of 500
- Series 7
- 50 of 625