Question # 48

If a firm fails to maintain the required customer reserve deposit, what must it do?

Options:

A.

Notify regulators immediately and deposit by next business day

B.

File an amended FOCUS Report within 30 days

C.

Reduce customer trading activity

D.

Inform customers directly

Viewing question 48 out of 68 questions
Industry research shows that students who utilize Series 27 License practice tests are significantly more likely to pass exam.


Our free Series 27 License practice questions act as a diagnostic tool to give you a clear snapshot of your Series 27 License readiness. Discover which topics are your strengths and, more importantly, which critical topics require your immediate attention.