Series 51: Guaranteeing Against Loss

Taken from our Series 51 Online Guide

Guaranteeing Against Loss

Dealers may not guarantee, or offer to guarantee, a customer against loss in either an account or 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 to

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Using Solomon was very helpful. The exam simulator tests were great, but I should have spent a little more time re-reading the chapters. Passed (Series 51) on my first try.

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Michael

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Katrina Jackson, Cambridge Investment Research, Fairfield, IA

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