What type of nondeposit institution will buy and sell stocks and bonds on behalf of clients?

Question

Quizplus · Accepted Answer

Securities investment dealers are nondeposit institutions that specialize in buying and selling stocks and bonds on behalf of clients. Insurance companies and pension funds may invest in these types of securities but typically do not offer services to individual clients. Pension and trust services and finance companies may offer some investment services but not typically to the same extent as securities investment dealers.

What Type of Nondeposit Institution Will Buy and Sell Stocks