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A client fails to deliver securities sold through his cash account by settlement date. Identify the initial action the dealer-member will take Select one: a.
A client fails to deliver securities sold through his cash account by settlement date. Identify the initial action the dealer-member will take
Select one:
a. Buy the securities and deliver them to the purchaser
b. Transfer the trade to a margin account
c. Capital charged with margin deficiency
d. Close out the position and close the cash account
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