Securities firms commonly engage in all of the following functions except
A)proprietary trading
B)underwriting stock
C)operating mutual funds
D)brokerage services
E)operating credit unions

Question

Quizplus · Accepted Answer

Operating credit unions is not a typical function of securities firms. Securities firms primarily engage in proprietary trading, underwriting stock, operating mutual funds, and brokerage services. Credit unions, on the other hand, are typically owned by their members and offer banking services such as loans, savings accounts, and checking accounts.

Securities Firms Commonly Engage in All of the Following Functions