Series 28: Units Of Delivery For Stocks

Taken from our Series 28 Online Guide

Units of Delivery for Stocks

On stock transactions, good deliveries must be made in round lots. Round-lot sales mean a sale of shares that add up to 100 shares or are divisible by 100 shares. For example, assume Jennifer is delivering 500 shares of common stock to Melissa. Jennifer can deliver the stock in any of the following ways:

• One 500-share certificate
• Two 200-share certificates and one 100-share certificate
• Ten 50-share certificates (50 + 50 = 100, hence, five 100-share groupings)
• Five 70-share certificates and five 30-share certificates (70 + 30 = 100, hence, five 100-share groupings)

Jennifer cannot deliver the stock in two 250-share certificates or seven 70-share certificates and one 10-share

+ Read More

More Series 28 Info

What are people saying?

Create an Account

Since you're reading about Series 28: Units Of Delivery For Stocks, you might also be interested in:

Series 26 - Change of Account Information

Series 99 - 1.2.1.1 Know Your Customer (KYC) Rule

Series 79 - A.5. Equity Securities

Series 53 - Rule G-22—Control Relationships Must Be Acknowledged

Series 65 - 2.1.1.3.1. Stock Splits

Series 24 - 5.9.2. The ACT Reporting Service

Series 65 - Hedge Funds

SIE - Receiving Payment

Series 65 - 3.8.7 Taxation of Life Insurance Products

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

Last August 2020 I passed the Series 28 on the first try using your materials. I just wanted to drop in and let you know I passed the Series 27 exam today!! I am so happy today as I took the test in Jan of this year and missed it by 3 points. I switched up my focus and really zoned in the most heavily weighted chapters. This is by far the hardest exam I have taken. Thank you Solomon for your excellent study materials. I'll be back when I pass the next one ;)

Nikita Brown, BMI. Atlanta, GA

I wanted to let you know I passed my Series 28 today!! Thanks for great prep materials. I have been working really long hours at my job and it was a challenge finding the time to study. The video lectures proved to be a big help. I’m glad that exam is over!!!

Nikita Brown, BMI. Atlanta, GA

I took this Series 28 today and passed on my first try! I think the practice exams helped a ton, though in general, I would say the actual test seemed (at least to me), more difficult than the practice exams. Either way, couldn't have done it without the Solomon Exam Prep.

Gayle Espinosa. Los Angeles, CA

I studied about 30 hours for the series 82 and passed with the help of the resources provided by Solomon Exam Prep. This company was very responsive with my questions and encouraging. I think they saved me at least 20 hours with their guide... I am very happy.

Matthew Khalili, Whyte & Co, Los Angeles, CA

The Solomon Series 66 prep material was very comprehensive and practice quizzes and exams helped a great deal to gauge my likelihood of passing the exam

Florence Isaac Chicago, IL

I have to commend everyone at Solomon Exam Prep in getting me ready for and helping me pass my "Series 65" State Securities Law exam. I did not have a securities background nor did I work in the industry, and at 51 years old it was a challenge for me to go back to hitting the books. In addition to studying for the exam I was running my full time business and working 60+ hours a week. But with their help and support I passed on my first attempt.

Philip Schweik, Global View Capital Advisors, Wausau, WI