Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Which one of the following is a principal transaction?

ABC broker-dealer locates shares on an exchange and sells them to its client

A

ABC broker-dealer uses a broker's broker to find shares to sell to its client

B

ABC broker-dealer sells shares out of its own inventory to its client

C

ABC broker-dealer issues a firm quote as a DMM on a security

D