Series 26: Holding Customer Payments

Taken from our Series 26 Online Guide

Holding Customer Payments

Broker-dealers are required to promptly send customer payments for mutual fund shares to the investment companies. Promptly means within two business days after an order or within one business day after receiving payment from the customer, whichever is later.

FINRA Rule 2341

Since you're reading about Series 26: Holding Customer Payments, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 26
Please Enable Javascript
to view this content!