FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 31 Topic 4 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 31 Topic 4 Discussion

Series-7 Exam Topic 4 Question 31 Discussion:
Question #: 31
Topic #: 4

Under Regulation T, when must money be deposited to cover requirements for Bubba’s new purchases on margin?


A.

no later than the fifth business day after the trades


B.

no later than the seventh business day after the trades


C.

on the day of the trades


D.

on the next business day following the trades


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