SIE Exam Practice Question 597

Question: 597

In 2017, the SEC adopted an amendment to the Settlement Cycle Rule under the Securities Exchange Act of 1934 that changed the standard settlement cycle for most broker-dealer transactions in which of the following ways?

A. The standard settlement cycle was shortened from 3 business days after the trade (T+3) to 2 business days after the trade (T+2).

B. The standard settlement cycle was shortened from 2 business days after the trade (T+2) to 1 business day after the trade (T+1).

C. The standard settlement cycle was lengthened from 1 business day after the trade (T+1) to 2 business days after the trade (T+2).

D. The standard settlement cycle was lengthened from 2 business days after the trade (T+2) to 3 business days after the trade (T+3).

SIE Exam Practice Question 597

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