Series 7 practice questioneasyTrade Reporting and Books 1
Which statement is TRUE regarding trade reporting and books?
- AOrder tickets may be destroyed once the confirmation is mailed
- BBest execution applies only to institutional accounts
- CA registered representative who accepts an order ticket should ensure it is recorded promptly and accurately✓ Correct answer
- DCustomer complaints need not be forwarded to supervision if resolved verbally
Explanation
Why C — A registered representative who accepts an order ticket should ensure it is recorded promptly and accurately
Accurate books and records are essential to supervision, reporting, and customer protection. Order information must be recorded promptly and retained under regulatory recordkeeping rules.
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