A customer, after placing an order to buy 1,000 shares of XYZ at the market, receives a report that the stock was bought at 31.30. The following day, the customer receives a corrected report stating that the shares were purchased at 31.40. Under the rules regarding erroneous trade reports to customers, which of the following statements is TRUE?

A customer, after placing an order to buy 1,000 shares of XYZ at the market, receives a report that the stock was bought at 31.30. The following day, the customer receives a corrected report stating that the shares were purchased at 31.40. Under the rules regarding erroneous trade reports to customers, which of the following statements is TRUE?

A customer, after placing an order to buy 1,000 shares of XYZ at the market, receives a report that the stock was bought at 31.30. The following day, the customer receives a corrected report stating that the shares were purchased at 31.40. Under the rules regarding erroneous trade reports to customers, which of the following statements is TRUE?



A) The customer will pay 31.40.

B) The customer will pay 31.30.

C) The trade will be canceled.

D) The price discrepancy must be resolved through arbitration.



Answer: A) The customer will pay 31.40.


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