Which of the following would constitute trade for purposes of FINRA's suitability rule?
A. Purchasing municipal bonds for a customer.
B. Purchasing municipal bonds from a registered representative who has no position in the securities at that time.
C. Selling municipal bonds from a position held overnight to another firm after holding the same securities overnight.
D. Selling municipal bonds held overnight to another firm after holding the same securities overnight.
Answer:B
Which of the following would constitute trade for purposes of FINRA's suitability rule?
A. Purchasing municipal bonds for a customer. B. Purchasing municipal bonds from a registered representative who has no position in the securities at that time. C. Selling municipal bonds from a position held overnight to another firm after holding the same securities overnight. D. Selling municipal bonds held overnight to another firm after holding the same securities overnight.