FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 77 Topic 8 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 77 Topic 8 Discussion

Series-7 Exam Topic 8 Question 77 Discussion:
Question #: 77
Topic #: 8

With the Regulation T requirement at 50%, a firm wishes to impose house rules that require a minimum equity of 40%.

Which of the following is true?


A.

this cannot be implemented because the level is below Reg T


B.

this cannot be implemented since maintenance requirements are only 25% of equity for long positions


C.

this is permissible


D.

this action must be approved by the FRB and FINRA


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