Series 14: Exercise

Taken from our Series 14 Online Guide

Exercise

Answer true or false.

1. The SEC adopted the customer protection rule to ensure customer funds and securities are kept separate from the firm’s operations.

2. Securities do not physically need to be located at a broker-dealer to be considered “possessed.”

3. The reserve formula calculation must be done monthly.

4. The customer protection rule says that all securities in their customers’ margin accounts must be kept in eithe

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