Series 27: Cash Account

Taken from our Series 27 Online Guide

Cash Account

In a cash account, all transactions must be paid in full with cash or securities within four business days of the trade date. A cash account does not allow debit balances beyond this time for the purpose of buying or selling securities, and it cannot be used for short sales. Failure to make full payment may result in freezing the cash account, requiring that additional purchases be fully pai

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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 ;)

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