When an investor places a buy order with a stockbroker, the broker contacts a(n) __________ to complete the transaction.

Question

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When an investor places a buy order with a stockbroker, the broker contacts a stock exchange member or dealer where the stock is traded to complete the transaction. The member or dealer acts as an intermediary between the buyer and seller, executing the trade on behalf of the buyer. A certified underwriter is responsible for issuing and underwriting securities, an investment banker helps companies raise capital, and a trading officer of the Securities Exchange Commission oversees trading activities and enforces securities laws.

When an Investor Places a Buy Order with a Stockbroker