SIE practice questionhardMargin Account Securities Eligibility
Which security is NOT eligible for purchase on margin in a margin account?
- AAn unlisted over-the-counter stock✓ Correct answer
- BA NYSE-listed stock
- CA T-note
- DAn S&P 500 ETF
Explanation
Why A — An unlisted over-the-counter stock
Unlisted OTC stocks generally aren’t marginable. NYSE stocks, Treasuries, and many ETFs are margin-eligible.
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