Apply Short Sale Rules
Series 7 · Flashcards
SERIES 7 · FLASHCARDS
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QUESTION
Which rule creates the short sale price test restriction for a security with a
10
%
10\%
10%
intraday decline?
QUESTION
Which marking is correct when Rule
201
201
201
is in effect and the short sale qualifies for an exemption?
QUESTION
Which order marking is used for a short sale that qualifies for a Rule
201
201
201
exemption?
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ANSWER
Mark the order as "short exempt". Short exempt marking allows qualifying short sales to proceed without adhering to Rule 201's price restriction.
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