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Exam Series 63 All Questions

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Exam Series 63 topic 1 question 176 discussion

Actual exam question from FINRA's Series 63
Question #: 176
Topic #: 1
[All Series 63 Questions]

Which of the following is not a prohibited practice for broker-dealers under the NASAA Model Rules?

  • A. lending money to clients for them to invest
  • B. borrowing money from a client
  • C. charging commissions that are significantly higher than those charged by other broker-dealers
  • D. providing a client with a copy of their most recent balance sheet upon request
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Suggested Answer: A 🗳️
Lending money to clients for them to invest is not a prohibited practice. This is otherwise known as a margin transaction.
by lolojepu at April 6, 2025, 1:47 a.m.

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