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Free FINRA Series 7 Practice Exams
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Free FINRA Series 7 Practice Exam 10 (130 Questions) with Answers Quiz
1.
Two firms agree that a trade executed in error should be undone. What is required?
1
Either party may cancel unilaterally before settlement
The clearing corporation cancels on request of the selling firm
Both parties must agree and the cancellation must be recorded and reported
The trade may be cancelled only by an exchange official
