Series 24: 5.16. FINRA Policy On Markups, Markdowns, And Commissions

Taken from our Series 24 Online Guide

5.16. FINRA Policy on Markups, Markdowns, and Commissions

FINRA has a number of specific rules governing the acceptable range of markups and markdowns, and the application of commissions on trades and transactions. A markup is added to the ask/offer price when a customer purchases a security. A markdown is taken off the bid price of a security when a customer sells a security.

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