A securities professional who engages in the business of buying and selling securities for their own account is a(n):

Question

Quizplus · Accepted Answer

A securities professional who buys and sells securities for their own account is not specifically defined by the terms broker, churner, investment adviser, or scalper as given in the options. Brokers act as intermediaries between buyers and sellers, churners engage in excessive trading to generate commissions, investment advisers provide advice on securities, and scalpers make quick, small trades to profit from price changes. None of these directly describe a professional trading for their own account.

A Securities Professional Who Engages in the Business of Buying