Other Accounts/Trading Flashcards

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1
Q

T/F: The confirmation of a bond trade must show whether the BD acted as an agent or principal, and also the address of the BD.

A

True

  • BD must always disclose capacity in which it acted
  • The name, address, and telephone number of the broker-dealer must be shown so a customer may contact the firm easily
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2
Q

Time frame for a “wash sale”

A

30 days

If buy “substantially identical” securities within 30 days of selling for a loss, loss doesn’t count

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