Series 27: Completion Of Customer Sell Orders

Taken from our Series 27 Online Guide

Completion of Customer Sell Orders

If 10 business days after the settlement date a broker-dealer has not obtained possession of a customer’s securities after executing the customer’s sell order, it must immediately close the transaction by purchasing securities of like kind and quantity. This requirement does not apply to broker-dealers that maintain an omnibus credit account with another broker-dealer.

SEC Rule 15c3-3(m)

+ Read More

More Series 27 Info

What are people saying?

Create an Account

Since you're reading about Series 27: Completion Of Customer Sell Orders, you might also be interested in:

Series 7 - 2.14.3.1. Collateralized Debt Obligations

Series 79 - A.3.2. Coincident Indicators

Series 79 - Evaluating Existing Obligations

Series 7 - 14.5.3. Hold in Street Name

Series 7 - 9.4.1.5.3.4. Price/Earnings Ratio

Series 28 - Changes in Account Name or Designation

Series 6 - 5.4. Best Practices for Selling Funds

Series 24 - Management Companies: Open-End Funds

Series 22 - 2.2.1.2. Recovery Period

Series 3 - 4.1.3. Long Put

Series 82 - Zero Coupon Bonds

Series 65 - Types of Trading Accounts

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

I passed my 27 and I can't thank you enough for the preparation materials, most importantly the Final Exams. I studied for weeks for this test and buckled down the last two weeks of 6 hour study days. It's a great feeling and I couldn't have done it without you!!!

Amanda Whitney, Great Nation Investment Corporation, Amarillo, TX

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, TX

Used Solomon for my second & third time. First time I used a different company & day of test, I had no idea what I was reading. Second time, I bought Solomon a little too close to my test date, failed but had a higher score. Third Time, used strictly Solomon & passed! Cant thank Solomon enough, will recommend to everyone!

Ashley F, Citi. New York, NY

Your Series 79 book was great and your practice questions were spot-on. I passed the first time. Thanks!

Stephen Hsu, Los Angeles, CA

I studied for the Series 6 with the STC material and failed the exam. I then was provided with the Solomon material and passed! The Solomon material aligned very nicely with the actual exam which was very helpful. Also, Their customer service is out of this world! The President of the company even helped visa email and phone calls with study recommendations. I am now going to use their study material as I prepare for the Series 63. I LOVE Solomon! Thank you so much for your care, support and guidance. I have also recommended that our company use the Solomon material for all exams.

Valerie Nolan, Cetera, Forest Grove, OR