Series 52: Exercise

Taken from our Series 52 Online Guide


Choose the correct answer

1. Customer trade confirmations must be provided to customers:

A. Before the settlement date

B. On the trade date

C. At or before the settlement date

D. One business day after the trade date

2. For a principal transaction, what additional piece of information may need to be included on the customer trade confirmation?

A. Accrued interest

B. Mark-up or mark-down

C. Settlement date

D. Yield


1. C. Customer trade confirmations must be provided either at or before settlement date, which is also the completion of the transaction.

2. B. Depending on the circumstance, broker-dealers may be required to disclose mark-ups or mark-downs on transactions involving c

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Solomon Exam Prep Study Materials for the Series 52
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