Series 53: Guaranteeing Against Loss

Taken from our Series 53 Online Guide

Guaranteeing Against Loss

Broker-dealers may not guarantee, or offer to guarantee, a customer against loss in either the customer’s account or in a transaction. This rule applies to written and verbal guarantees.

Repurchase agreements are not considered guarantees against loss. A repurchase agreement, or repo, is typically a short-term contract

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