Series 7: 3.3.3.1.1. Clearinghouse Registration

Taken from our Series 7 Online Guide

3.3.3.1.1. Clearinghouse Registration

Most municipal bonds today are issued in book-entry form at a registered clearinghouse, without the benefit of a physical certificate. Bonds are registered and cleared through a registered clearinghouse, such as the Depository Trust Company (DTC). A clearinghouse may also be called a clearing agency. Instead of a bond certificate, investors receive a written confirmation of the transaction from their brokers. Registration of a new issu

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My oldest son purchased your Solomon audio exam guide to pass his Series 7, and I did the same for the Series 65 exam at his recommendation. Although I am 62 and have been out of college for forty(40) years, I passed my Series 65 exam on my first try. This would NOT have been possible without your excellent study materials. Thank you! for the service you provide to all aspiring test takers where so much is on the line!

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David Hartzell, Cornell Capital Management, New York

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Blake Rossman, True Wealth Financial Partners. Fircrest, WA

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