Series 51: Exercise

Exercise

Answer true or false

1. 1. True or false: Blotters are monthly records containing itemized reports of all purchases and sales of securities, receipts and deliveries of certificates, receipts and disbursements of cash, and all other debits and credits having to do with municipal securities.
2. 2. True or false: Dealers must maintain a general ledger, which is an historical record of a dealer’s securities transactions for each of its customer accounts.
3. 3. True or false: In an agency order in which the dealer