Bubba sells short 100 XYZ at $60 and makes the required Regulation T deposit of 50%. XYZ then rises I price to $65.
At this point what is the credit balance?

• A.$2,500
• B.$3,500
• C.$6,000
• D.$9,000

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Securities may be sold under SEC rule 144 provided that the following conditions are met:

• A.the company files regular financial data with the SEC
• B.they are sold in agency transactions only
• C.they are sold in principal transactions only
• D.both A and B

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When opening a brokerage account for a customer, a registered representative must determine the customer's:

• A.investment objectives
• B.financial resources
• C.financial requirements
• D.all of the above

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For what time period does a Form 144 remain in effect?

• A.30 days
• B.60 days
• C.90 days
• D.one year

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Which of the following are not flat rate taxes?

• A.excise tax
• B.gasoline tax
• C.gift tax
• D.general income tax

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