After receiving securities from another firm, a broker/dealer discovers that the securities received were not in good deliverable form. His recourse is to:

After receiving securities from another firm, a broker/dealer discovers that the securities received were not in good deliverable form. His recourse is to:



A) buy in.

B) sell out.

C) cancel the trade and file a complaint.

D) file a reclamation.



Answer: D) file a reclamation.


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