All of the following are true regarding a fail to deliver EXCEPT
A) even though a fail to deliver has occurred and is still outstanding, FINRA mandates that the seller still be paid
B) the BD representing the seller can also be liable for buying in the securities if the BD's customer has not made good delivery on the securities sold
C) the buyer may buy in the securities owed to him and charge the seller for any loss incurred
D) fail to deliver occurs when the selling BD does not deliver the securities in good deliverable form
Answer: A) even though a fail to deliver has occurred and is still outstanding, FINRA mandates that the seller still be paid