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Exam Series 63 topic 1 question 143 discussion

Actual exam question from FINRA's Series 63
Question #: 143
Topic #: 1
[All Series 63 Questions]

You execute a stock transaction for a client on Thursday, September 23rd. The settlement date on the order ticket will be

  • A. Thursday, September 23rd.
  • B. Monday, September 27th.
  • C. Friday, September 24th.
  • D. Tuesday, September 28th.
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Suggested Answer: D 🗳️
If you execute a stock transaction for a client on Thursday, September 23rd, the settlement date for that trade will be Tuesday, September 28th, which is T + 3, meaning three business days after the trade date.

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Lehj
4 years ago
Should be T+2
upvoted 1 times
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