Halloween Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ac4s65

BondsRUs is a broker-dealer that (unsurprisingly) specializes in bonds.

FINRA Series-63 Full Course Access
FINRA Series-63 View All Questions

BondsRUs is a broker-dealer that (unsurprisingly) specializes in bonds. The firm has found that it is able to sell Treasury bonds that it buys for $90 per $100 of par value for $99 per $100 of par value to some of its more naïve clients, who never pay attention to the confirmation statements BondsRUs sends them. BondsRUs is guilty of

A.

nothing. It is acting as a dealer in bonds and, as such, can charge its clients whatever the clients are willing to pay.

B.

overcharging its clients by unreasonable markups. A $9 dealer’s spread on Treasury bonds is unwarranted.

C.

fraud.

D.

both B and C.

Series-63 PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now Series-63 pdf
Get 65% Discount on All Products, Use Coupon: "ac4s65"
Next
Which of the following does not describe a prohibited activity by investment advisers and their...
You are an investment adviser representative.
Previous