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Exam Series 7 All Questions

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Exam Series 7 topic 1 question 347 discussion

Actual exam question from FINRA's Series 7
Question #: 347
Topic #: 1
[All Series 7 Questions]

How many days after the settlement date must a broker/dealer "buy in" a customer who has failed to deliver securities?

  • A. 10 days
  • B. 15 days
  • C. 30 days
  • D. 45 days
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Suggested Answer: A 🗳️
10 days. The customer has 10 days to deliver before the broker will buy in the account.
by lolojepu at April 6, 2025, 2:20 a.m.

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