Choose the true statement about seats on the NYSE:
A) only brokerage firms can own
B) must be owned by a partner of a brokerage firm
C) no brokerage firm can own more than one
D) must be purchased from a current member

Question

Quizplus · Accepted Answer

Seats on the NYSE, also known as memberships, can only be purchased from a current member. This means that option D is the true statement. Options A and B are false, as individuals who are not members of brokerage firms can also own seats on the NYSE. Option C is also false, as there are instances where brokerage firms have owned more than one seat on the NYSE.

Choose the True Statement About Seats on the NYSE