Series 28: Borrowing From And Lending To Customers

Taken from our Series 28 Online Guide

Borrowing from and Lending to Customers

Associated persons are prohibited from borrowing money from customers or lending money to customers, unless the member firm has written procedures that specifically allow it or any of these other conditions apply:

• Customer is an immediate family member of the associated person—firm’s procedures may indicate prior approval is not necessary
• Customer is an institution or person that lends money in its regular course of business and is

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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

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Nikita Brown, BMI. Atlanta, GA

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Ambia Peoples, North Florida Financial Corp, Jacksonville, FL

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