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Exam Series 63 All Questions

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Exam Series 63 topic 1 question 167 discussion

Actual exam question from FINRA's Series 63
Question #: 167
Topic #: 1
[All Series 63 Questions]

A "market not held" order is -

  • A. an order in which the client tells the broker to use his own discretion in timing a purchase or sale in an attempt to get a better price.
  • B. a prohibited activity in which an agent engages in the purchase or sale of securities that are not offered by his broker-dealer.
  • C. an order to buy or sell a stock at a specified price, which differs from the current market price.
  • D. an order to sell securities that the investor owns if the stock decreases by a certain amount from the current price.
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Suggested Answer: A 🗳️
A "market not held" order is one in which the client tells the broker to use his own discretion in timing a purchase or sale in an attempt to get a better price than the current market price. An order to buy or sell stock at a specified price is a limit order. An order to sell securities that the investor owns if the stock decreases by a certain amount is known as a stop sell order or a stop loss sell order.
by lolojepu at April 6, 2025, 1:47 a.m.

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