On Tuesday, March 15, FINRA notifies a broker/dealer that its registration to make a market in an existing Nasdaq security has been approved. The firm must enter a quotation in the security no later than:
A) opening on Tuesday, March 22.
B) opening on Wednesday, March 16.
C) close on Wednesday, March 16.
D) close on Tuesday, March 22.
- D#: 30396
- The correct answer was A.
- A market maker must enter quotations no later than the opening on the fifth business day after FINRA has approved its registration.