4-59 The process of providing custody and escrow services,clearance and settlement services,and research and other advisory services by a securities firm involves the function of

Question

Quizplus · Accepted Answer

Providing custody and escrow services, clearance and settlement services, and research and other advisory services are all back-office functions, which involve the processing and management of securities transactions and customer accounts. Mergers and acquisitions, market making, investment banking, and cash management services all involve different aspects of the securities business but do not specifically relate to these types of back-office functions.

4-59 the Process of Providing Custody and Escrow Services,clearance and Settlement