Series 28: Non-Purpose Credit And Other Good Faith Activities

Taken from our Series 28 Online Guide

Non-Purpose Credit and Other Good Faith Activities

Certain types of customer activities must also be conducted in a good faith account, even if they involve the financing of equities transactions. Among these types of activities are the following:

Arbitrage. Arbitrage is the simultaneous purchase and sale of a security in different markets to take advantage of a difference in prices. Broker-dealers may finance bona fide arbitrage transactions for their customers on good faith margin.

Prime broker transactions. A prime broker is a large brokerage firm that offers a variety of services to large institutional clients, such as h

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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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Nikita Brown, BMI. Atlanta, GA

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