A client has a Cash Account at a broker-dealer and one week ago was sold out of a position for failure to make prompt payment. The customer has now decided to buy 100 shares of ABC common stock @50. This client will be required to:.

A client has a Cash Account at a broker-dealer and one week ago was sold out of a position for failure to make prompt payment. The customer has now decided to buy 100 shares of ABC common stock 50. This client will be required to

[A] make the required Reg T 50% deposit using regular-way settlement.

[B] make the required payment in full for the purchase using regular-way settlement.

[C] make the required payment in full for the purchase prior to entering the order because the account would be frozen.

[D] wait 90 days prior to entering the order to buy the stock because the account would be frozen.

This client will be required to make the required payment in full for the purchase prior to entering the order because the account would be frozen.

If someone has been traded out for failure to make the immediate payment that the record must be halted for 90 days. When a report is prohibited for 90 days the  will keep sufficient cash to reach the entire trade value ere the order to purchase is entered. Since this is a Cash account, they will not be permitted to invest 50% of the acquisition price, as this is just conceded in a margin account.

The record is prohibited so the  would not be entitled to obtain payment practicing a regular way settlement. When a record is prohibited , they must deposit funds ere registering orders to purchase but are not prevented from obtaining purchases.

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