A registered representative just accepted Bubba's instructions to buy a specific stock in the over-the-counter market with the credit balance in his account. Which of these orders for that issue can be entered and executed on a single ticket in a typical broker/dealer organization?
A)buy 150 XYZ at market
B)buy 150 XYZ at 17.50 or better
C)buy $2,500 worth of a mutual fund XYZ Corporation
D)all of these

Question

Quizplus · Accepted Answer

all of these. In the OTC market, all of these orders are possible. A mutual fund is considered OTC.

A Registered Representative Just Accepted Bubba's Instructions to Buy a Specific