SIE Exam Practice Question 1036
Question: 1036
According to FINRA guidelines, a broker or dealer shall maintain net capital of not less than __________ if it acts as a broker or dealer with respect to the purchase, sale, and redemption of redeemable shares of registered investment companies.
Correct Answer: B
Explanation:
According to FINRA guidelines, a broker or dealer shall maintain net capital of not less than $25,000 if it acts as a broker or dealer with respect to the purchase, sale, and redemption of redeemable shares of registered investment companies.
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