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Dec. 12, 2011

Investors have several options when it comes to placing an order to buy or sell securities. For example, whether you place an order directly with your broker or trade online, you can instruct your broker to buy or sell at a specified price. Or you can place an order that is good for one day only or for an extended period.

Understanding how different types of orders work may make a difference in whether your trade gets executed and at what price. You can learn more about each of the different types of orders listed below by clicking on its name:

We have provided this information as a service to investors.  It is neither a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law.

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