SIE Exam Practice Question 416

Question: 416

A market maker is quoting a stock at 23.15 – 23.30. If the firm fails to honor its quote for at least one round lot on both sides of the market,

A. It will be guilty of a manipulative and deceptive act.

B. It will be guilty of a backing away violation.

C. It will be involuntarily removed as a market maker in that stock for a period of one month.

D. This is not a violation.