To be broker or to trade securities you must
A) abide by ethical standards established by the SEC.
B) abide by any licensing or registration requirements of state in which you trade.
C) be licensed by the exchanges on which the traded securities are listed.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the choices are correct. Abiding by ethical standards established by the SEC is necessary for any individual or firm involved in buying or selling securities. Additionally, licensing or registration requirements vary by state and must be followed. Finally, being licensed by the exchanges where securities are listed is required for both brokers and traders.

To Be Broker or to Trade Securities You Must