when a non-market maker receives an order from a customer and then buys stock from a market maker to fill the order, but instead of immediately delivering the stock to the customer, he or she puts it into a riskless principal account. The non-market maker then sells the stock from this account to t
Series 26: Riskless Principal Transaction
Taken from our Series 26 - Investment Company Products/Variable Contract Limited Principal Exam
Definition of the term Riskless Principal Transaction...
Since you're reading about Series 26: Riskless Principal Transaction, you might also be interested in:
Please Enable Javascript
to view this content!
to view this content!