FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 84 Topic 9 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 84 Topic 9 Discussion

Series-7 Exam Topic 9 Question 84 Discussion:
Question #: 84
Topic #: 9

Which of the following is true about a customer with a frozen account?


A.

may not trade corporate securities under any circumstances


B.

may make purchases but not sales of corporate securities


C.

must deposit the full purchase cost before an order is executed


D.

must deposit sufficient cash for each transaction no later than the settlement date


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