Series 99 Practice Test 7

10 free Series 99 practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

Series 99 Practice Test 7Tutor mode

Question 1 of 10

Knowledge Associated with the Securities Industry and Broker-Dealer Operations

After receiving a customer's order to buy 1,000 shares, a firm buys 1,000 shares in the market for its own account and immediately sells them to the customer at the same price plus a markup. In what capacity did the firm act?