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Series 7 Flashcards: Differentiate Account Types

Study Differentiate Account Types in Series 7 with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

What is the FINRA minimum maintenance margin requirement for short equity positions?

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ANSWER

At least 30%30\% equity in the account (house may require more). This higher equity requirement for short positions accounts for unlimited loss potential, ensuring sufficient coverage against adverse price movements.

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Series 7: Function 2: Opens Accounts

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What this deck covers

This deck focuses on Differentiate Account Types, giving you a quick way to review the definitions, rules, and examples that matter most for Series 7.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 50Practice questions for this set
An institutional client, such as a pension fund, often uses a Delivery versus Payment (DVP) arrangement for settling securities transactions. The primary purpose of a DVP account is to:
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