Series 51: Exercise

Taken from our Series 51 Online Guide

Exercise

Fill in the blank.

1. In a customer account transfer, the carrying party has _____ to validate and return the transfer instruction to the receiving party or to take exception to it.

2. A _____ is an issue in default or a municipal fund security that may only be held by specified dealers and the receiving party isn’t one of them.

3. Within _____ following the validation of a transfer instruction, the

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