Practicing Success
Practicing Success
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In the scenario where securities are not allotted, what does the bank do with the blocked amount? |
The bank keeps the blocked amount as fees The bank refunds the entire blocked amount to the investor The bank invests the blocked amount in the stock market The bank donates the blocked amount to a charity |
The bank refunds the entire blocked amount to the investor |
when securities are not allotted to the investor, the bank removes the lien on the blocked amount and promptly refunds the entire blocked amount back to the investor's account. This ensures that the investor's funds are not unnecessarily tied up and are available for use once again. |
