When a securities firm acts as a(n) ____, it maintains a position in securities.

Question

Quizplus · Accepted Answer

A dealer is a securities firm that buys and sells securities for its own account, thereby maintaining a position in the securities. An adviser provides recommendations to clients but does not maintain a position in securities, and a broker facilitates the buying and selling of securities between buyers and sellers but does not maintain a position in securities. Therefore, the correct answer is B - dealer.

When a Securities Firm Acts as A(n) ____, It Maintains