Series 53: Exercise

Exercise

Choose the correct answer

1. 1. Which of the following is not required on a trade blotter?
2. A. Who the securities were bought from or sold to
3. B. What security was traded
4. C. Where the trade occurred
5. D. When the trade occurred
6. 2. Which of the following records must be kept for four years by a municipal securities dealer?
7. A. Stock certificate books
8. B. General ledgers
9. C. Records of principal transactions
10. D. Records concerning primary offerings

Answers

1. 1. C. A broker-dealer must keep blotters (or other records of original entry) that contain an itemized daily record of all purchases and sales of securities, all receipts and deliveries of securities, all receipts and disbursements of cash, and all other