ExamTopics Logo
Mail Us[email protected]
Menu
Finra Discussions
exam questions

Exam Series 63 All Questions

View all questions & answers for the Series 63 exam
Go to Exam

Exam Series 63 topic 1 question 140 discussion

Actual exam question from FINRA's Series 63
Question #: 140
Topic #: 1
[All Series 63 Questions]

The settlement date refers to -

  • A. the date the order to purchase or sell the security is sent to the market.
  • B. the date the buyer must pay for the securities purchased.
  • C. the date the order to purchase or sell a security is actually executed. This may differ from the date that the order is sent to the market in the cases of limit or stop orders.
  • D. the latest date on which broker-dealers can file their quarterly financial statements with the Administrator of the state.
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
The settlement date is the date that the buyer must pay for the securities purchased. For stocks and bonds other than U.S. Treasury securities, this date is the third business day after the trade. For U.S. Treasuries and options that sell on exchanges, the settlement date is the next business day.
by lolojepu at April 6, 2025, 1:45 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Currently there are no comments in this discussion, be the first to comment!
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel