Series 28: Liquidation

Taken from our Series 28 Online Guide

Liquidation

When any customer fails to meet a margin call in full within the five-day payment period, the creditor must take action to eliminate the deficiency. It must either liquidate securities sufficient to meet the margin call or eliminate the margin deficiency as it exists on the day the liquidation is required, whichever is smaller. If the margin deficiency is $1,000 or less, the broker-dealer is not required to take action.

+ Read More

More Series 28 Info

What are people saying?

Create an Account

Since you're reading about Series 28: Liquidation, you might also be interested in:

Series 7 - 11.1.9 Publication of Research Reports

Series 65 - Mutual Fund Distributions

Series 24 - 3.2.5.1. Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) Accounts

Series 53 - Municipal Securities Representative (Series 52)

Series 66 - Exercise

Series 63 - 3.1.4.2 Section 402(b) Exemptions

Series 66 - Exercise

Series 7 - 1.3.5.4 Callable Preferred Stock

Series 26 - Exemptions

Series 63 - Selling Away

Series 24 - 2.2.2.1. Prohibition on Guaranteeing Customers Against Loss

Series 3 - Chapter Five

Series 26 - Active Military Service

Series 24 - Small Issues: Regulation A

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

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 wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

Nikita Brown, BMI. Atlanta, GA

I took this Series 28 today and passed on my first try! I think the practice exams helped a ton, though in general, I would say the actual test seemed (at least to me), more difficult than the practice exams. Either way, couldn't have done it without the Solomon Exam Prep.

Gayle Espinosa. Los Angeles, CA

Your test simulator was invaluable. I took 1500 test questions before the real exam (Series 6). Scored an 89, thanks to your product.

Jesse Welch, New York Life, Arvada, CO

I struggled with passing the Series 52 exam. I used study materials from Kaplan & STC Interactive. It wasn't until I used Solomon's materials that I was able to pass the exam.

Belinda Wilson, Stifel Nicolaus & Co, Montgomery, AL

I just passed the FINRA Series 79 exam!! I only used Solomon Exam Prep. I recognized the material that came up during the exam and felt comfortable all the way through!! That you all for your help!!

Walter Whitehead FNEX Capital. Los Angeles, CA