10 free Series 9/10 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
Series 9/10 Practice Test 11Tutor mode
Question 1 of 10
Series 9: Supervise Sales Practices and General Options Trading Activities
On Monday morning, a customer of Pendleton Shaw Securities tells his RR to buy 10 XYZ Mar 50 calls "when the price looks right." He gives no written instruction extending the order. The RR, who has no written discretionary authority, buys the calls on Tuesday afternoon. What should the supervisor conclude?