Series 28: Settlement Of Cash Transactions

Taken from our Series 28 Online Guide

Settlement of Cash Transactions

A broker-dealer (creditor) generally must obtain full cash payment for customer purchases within one payment period of the date a security was purchased (within four business days) or a when-issued security was made available by the issuer for delivery.

If a broker-dealer

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I wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

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Nikita Brown, BMI. Atlanta, GA

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