Series 53: Chapter Six

Taken from our Series 53 Online Guide

Chapter Six

Uniform Practice and Recordkeeping

(15 questions)

6. Uniform Practice and Recordkeeping

Before the National Association of Securities Dealers (NASD) came into being in 1938, the informal over-the-counter (OTC) market was difficult to track. The audit trail of OTC securities transactions frequently disappeared in a confusion of

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