SIE Exam Question 783: Answer and Explanation

Question: 783

According to FINRA guidelines, broker-dealers who conduct general securities business and carry customer funds and securities must meet a __________ minimum net capital requirement.

• A. $5,000
• B. $25,000
• C. $50,000
• D. $250,000

Correct Answer: D

Explanation:

According to FINRA guidelines, broker-dealers who conduct general securities business and carry customer funds and securities must meet a $250,000 minimum net capital requirement.