Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Series 26 Exam with our comprehensive flashcards and quizzes. Each question includes detailed explanations to guide your study. Master the Investment Company and Variable Contracts Products Principals exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How long do broker-dealers have to validate securities upon receiving a Transfer Information Form?

1 business day
2 business days
3 business days
5 business days

The correct answer is: 1 business day

Broker-dealers are required to validate securities within one business day upon receiving a Transfer Information Form. This timeframe ensures that the transfer process is handled efficiently and promptly, allowing clients to have swift access to their assets. The one-business-day requirement reflects the regulatory expectation for broker-dealers to maintain timely communication and operations, particularly in areas involving customer assets and account transfers. By adhering to this timeframe, broker-dealers help protect clients' interests and promote confidence in the securities transfer process.