SIE Exam Question 375: Answer and Explanation

Question: 375

When must the brokerage firm deliver a customer confirmation to the customer?

• A. When an order is placed
• B. Within three days of trade date
• C. Upon the customer's request
• D. At or before completion of each transaction

Correct Answer: D

Explanation:

D - Confirmations must be delivered to customers at or before completion of each transaction (aka by settlement).