Series 28: Open Contractual Commitments

Taken from our Series 28 Online Guide

Open Contractual Commitments

When securities are borrowed, collateral is usually required. If changes in the price of the borrowed security require more collateral to be deposited, the lending party may demand the difference between the market price and the contract price. If the market value changes again to permit a refund of any portion of the deposit, refunds must be made on demand.

All demands for deposits or refunds must be made in writing and delivered at the office of the other party, and such demands must be complied with immedi

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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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I wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

Nikita Brown, BMI. Atlanta, GA

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