SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 34

Question: 34

As provided in the Securities Exchange Act of 1934, Section 15 – Rules Relating to Over-the-Counter Markets, how frequently must a broker-dealer report to the customer the current value of each penny stock held in the customer's account?

Correct Answer: B

Explanation:

B: Choice B is correct, as this is part of the rules for servicing a penny-stock customer. Choices A, C, and D are incorrect.

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