SIE Exam Question 565: Answer and Explanation

Question: 565

Which of the following refers to the right to demand the repayment of monies paid if there has been a bad delivery of a stock or security?

• A. Reclamation
• B. Redemption
• C. Rescission
• D. Restriction

Correct Answer: A

Explanation:

Reclamation refers to the right to demand the repayment of monies paid if there has been a bad delivery of a stock or security.