Series 27: Locate And Delivery Requirements For Short Sales

Taken from our Series 27 Online Guide

Locate and Delivery Requirements for Short Sales

Rule 203 states that before a broker-dealer can execute a short sale, it must locate the securities that will be borrowed to cover the short sale. In this context, locate means:

• The securities have already been borrowed or there is a bona fide agreement to borrow the securities.
• The broker-dealer has “reasonable grounds” to believe that the security can be borrowed by th

+ Read More

More Series 27 Info

What are people saying?

Create an Account

Since you're reading about Series 27: Locate And Delivery Requirements For Short Sales, you might also be interested in:

Series 22 - Processing Subscription Agreements

Series 24 - 5.3. NMS vs. OTC Securities

Series 3 - 6.1.6.2. Supply: The Federal Reserve and Monetary Policy

Series 53 - The Broker’s Broker

SIE - 10.2.11.5. No Bundling

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I passed my 27 and I can't thank you enough for the preparation materials, most importantly the Final Exams. I studied for weeks for this test and buckled down the last two weeks of 6 hour study days. It's a great feeling and I couldn't have done it without you!!!

Amanda Whitney, Great Nation Investment Corporation, Amarillo, TX

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

I paid for the best package (Series 63 Total Study Package), and it was well worth the money!! Would use it again!

Greg Hensley

My third exam passed with Solomon, first the Series 6 and the Series 63, this time the Series 65 - just passed today! Highly recommend for any exam prep you need! Thank you again guys!

Brad Eiden, Nationwide Advisory, Louisville, KY

After multiple failed attempts at the Series 6, I felt somewhat defeated. I reached out to Solomon for guidance and I was more than impressed with the response I received. The study material was outstanding and the program structure is truly designed to help you pass! Jeremy Solomon was truly my biggest fan and I can't thank him enough for his help! Solomon is by far the best company out there for test preparation; don't waste any more money on the others this is all you will need to pass!

Tory Hamlin, Agency Owner, Jacksonville, FL

I used Solomon Exam Prep for both the Series 7 and the 66 which I took within a couple of months of each other. I smoked both tests with an 85% and an 88%. Well above the passing score. The books have just enough humor to keep things interesting and the practice tests and quizzes are phenomenal. If you want to get the most out of these programs pound out as many practice test as you can.

K. Nick Thoeni, Gilroy, CA