Finra Exam Series-7 Topic 1 Question 38 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 38
Topic #: 1

Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.

What is the NYSE minimum equity maintenance for this account?

A$5,500

B$6,000

C$6,600

D$12,600

Show Suggested Answer

Suggested Answer: C

$6,600. The NYSE maintenance requirement on short margin accounts is 30%. Multiplying the short market value of $22,000 by 30% equals $6,600.

by Marguerita at May 07, 2022, 01:32 AM

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