Giao dịch, Tài khoản & Hành vi cấmCâu 223 / 398
Before executing a short sale, what must a broker-dealer generally do with respect to the shares being sold?
a.Locate shares that can be borrowed for delivery
b.Register the shares with the SEC
c.Pay the dividend in advance to the buyer
d.Convert the shares into bonds
Giải thích
Under short-sale rules (Regulation SHO), a firm must reasonably locate shares available to borrow before effecting a short sale, so the borrowed shares can be delivered to the buyer at settlement. This 'locate' requirement helps prevent abusive naked short selling.
Trích dẫn luật: Securities Exchange Act of 1934Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
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