SIE practice questionhardTrade Execution
A customer’s limit order improves the market but is not displayed by the broker-dealer. What regulation is most likely violated?
- ARegulation D
- BSEC limit order display rule✓ Correct answer
- CRegulation A+
- DRegulation T
Explanation
Why B — SEC limit order display rule
SEC rules require limit orders that improve market price to be displayed publicly. Reg D and A+ address registration, and Reg T deals with margin, not order display.
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