ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Broker and Dealer can different to a trade
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Yes
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No
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Dealers must be registered with the Securities and Exchange Commission (SEC) and must comply with all state requirements before they can begin working. Dealers are different from traders and brokers-the former buys and sells for one’s own account, while the latter does not trade for its portfolio.
Detailed explanation-2: -In most instances, a broker is permitted to buy or sell a security only after receiving your permission to do so. But sometimes, brokers engage in unauthorized trading.
There is 1 question to complete.