Series 28: Cash Account

Taken from our Series 28 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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I took this Series 28 today and passed on my first try! I think the practice exams helped a ton, though in general, I would say the actual test seemed (at least to me), more difficult than the practice exams. Either way, couldn't have done it without the Solomon Exam Prep.

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