Quotes, order handling, and best execution
Free FINRA Series 6 (Investment Company and Variable Contracts Products Representative) lesson in Obtains and Verifies Customers' Purchase and Sales Instructions; Processes, Completes and Confirms Transactions. 8 min read, ~1,163 words.
A quote has two sides: the bid (what the customer receives on a sale) and the ask/offer (what the customer pays on a buy). Mutual fund shares are quoted by forward pricing: orders fill at the next computed NAV (plus any sales charge), never a stale price. Best execution under...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- D11
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