Which of the following is NOT a function of the specialist?
A) assists the Federal Reserve in controlling the money supply
B) acts as a broker who handles the limit orders or special orders placed with member brokers
C) buys and sells securities in order to stabilize the market.
D) acts as a dealer in assigned stocks to maintain a fair and orderly market.
E) attempts to derive a new equilibrium price using a call-market approach.

Question

Quizplus · Accepted Answer

Specialists do not assist the Federal Reserve in controlling the money supply. Their primary roles include acting as brokers for limit orders, buying and selling securities to stabilize the market, acting as dealers in assigned stocks to maintain market orderliness, and using a call-market approach to find new equilibrium prices.

Which of the Following Is NOT a Function of the Specialist