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On Tuesday, May 14th, a registered representative receives an order to sell 100 shares of ABC stock that has been "transferred and shipped" to the customer. Before executing the order, the registered representative must make sure the securities can be delivered by _________.

Respuesta :

sandlee09

Answer:

A. Thursday, May 16th

Explanation:

Based on the information provided it can be said that in this scenario the registered representative must make sure the securities can be delivered by Thursday, May 16th. This is because the FINRA requires that all orders to sell need to have reasonable assurance that they will be delivered in 2 business days. Which 2 days after May 14th is Thursday, May 16th.

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