The Settlement Date Refers to

The settlement date refers to

A) the date the order to purchase or sell the security is sent to the market.
B) the date the buyer must pay for the securities purchased.
C) the date the order to purchase or sell a security is actually executed. This may differ from the date that the order is sent to the market in the cases of limit or stop orders.
D) the latest date on which broker-dealers can file their quarterly financial statements with the Administrator of the state.