SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 21

Correct Answer: B

Explanation:

B: Choice B expresses the broad range of 1934 Act Section 15c1-2. Choice A refers to borrowing a security in order to sell it. This does not necessarily involve deceit. Choice C refers to an order which is to be executed promptly after the stop price is available on the market. This does not necessarily involve deceit. Choice D reflects the need to file a Currency Transaction Report (CTR). This does not necessarily involve deceit.