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Series 7 General Securities Representative Qualification Examination (GS)

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Securities Industry Essentials Exam (SIE)

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Series 7 General Securities Representative Qualification Examination (GS) Questions and Answers

Questions 1

The FINRA markup policy requires that over-the-counter transactions with a customer be at:

Options:

A.  

prices reasonably related to the current market price of the security

B.  

a markup not to exceed 5% of the current offering price

C.  

prices reasonably related to the dealer’s cost

D.  

a markup based on previous activity in the customer’s account

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