A client calls CanDo Broker-Dealers with a market-not-held order to buy 5,000 shares of China...

Vendor: FINRA
Product: Series-63
Update on: Jul 25, 2025
Questions: 251

FINRA Series-63 Question Answer

A client calls CanDo Broker-Dealers with a market-not-held order to buy 5,000 shares of China Security and Surveillance Technology, Inc. (CSR), which sells on the NYSE, “at a good price today.” The stock had opened at $5.13, traded as high as $5.36 during the day, and closed at $5.10. CanDo executed the purchase at a price of $5.31, so at market close, the client had lost $1,050. The client can

sue CanDo for not getting him the best price of the day-or anything close to it.

refuse to pay CanDo commissions for the purchase.

refuse to pay for the stock on the settlement date.

do nothing about it.