Series 24: 5.12.1. Close-Outs Of Uncompleted Exchange Trades

Taken from our Series 24 Online Guide

5.12.1. Close-Outs of Uncompleted Exchange Trades

Unlike the OTC close-outs we covered in our earlier discussion of the Uniform Practice Code, close-outs of exchange trades conducted under Regulation SHO aren’t divided into buy-ins and sell-outs. They are always the result of a seller’s fail-to-deliver. There are a couple reasons that Regulation SHO doesn’t have to deal with situations in which the buyer is at fault for a transaction not settling on time. The risk of a buyer

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: 5.12.1. Close-Outs Of Uncompleted Exchange Trades, you might also be interested in:

Series 66 - 5.3.2.1 Coverdell Education Savings Accounts

Series 63 - Practical Application

Series 24 - Preliminary Prospectus (Red Herring)

Series 52 - 5.2.4. Debt Service Coverage Ratio

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Passed the 24 today ... fun test.. You have a great product. The material was easy to follow and the practice tests were very, very helpful. Thank you.

Danny Klingler, Kestra Financial, Austin, Texas

I was very impressed with all elements of Solomon's Series 24 offerings. Solomon provided an incredibly organized system for me to utilize, which kept me "on point" and focused. I felt good confidence going into the test because of the structured system that Solomon developed. I would certainly recommend Solomon to anyone that is taking the Series 24.

William Bundy, Bundy Group. Charlotte, NC

Between September 18 and December 3, I took exams for the Series 62, 63, 6 and 24. I studied for everything with Solomon, and passed them all on the first try. Solomon’s interactive/Ask the Professor teaching method was extremely helpful in grasping the necessary concepts. What a relief to be done. Thanks, Karen!

Karen H, Dalkeith Group, High Falls, NY

I passed the 24 the first time with the help of the Solomon materials. The online course and the exams really helped focus in and clarify what was important. I've recommended them to all of my colleagues!

Corrinne Kaucher

I used Solomon to sit Series 24 and Series 79, passing with 81% and 88% respectively. Having looked at other material providers, Solomon stands out because of their prompt replies to student questions and the completeness of the answers provided – they are the best out there!

Chris Brice,CFA Bell Potter Cantley, Québec, Canada

3rd time is a charm and it took Solomon to do it. None of the other materials in my first two attempts were strong enough to enable me to reason my way to the correct answers. Solomon's angle on this material was closest to the actual test and was the reason I got there.

As an aside, the ongoing personal help was very surprising and commendable. Thank you, Solomon!

Jason Bowen, Southington, CT