[SIE] SIE3: Settlement Cycles and Margin Account Fundamentals

VoraPrep Audio — Professional Licensure & Certification Exam Prep · Oct 19, 2026 · 5m · transcript

Welcome to VoraPrep Audio. Let's break down a situation you'll see on the job and on the SIE exam. A client calls on a Monday. They just bought a stock. They ask two key questions. First: "When are those shares officially mine?" And second: "When do I have to pay for them?" Getting these dates right…