The Federal regulatory body that governs the securities industry is the? - ANSWERSecurities and Exchange commission
A fully disclosed broker-dealer - ANSWERIs an intermediary between the buy and sell sides of a transaction
An intermediary between the buy and sell sides of a transaction is kno...
The Federal regulatory body that governs the securities industry is the? - ANSWERSecurities and
Exchange commission
A fully disclosed broker-dealer - ANSWERIs an intermediary between the buy and sell sides of a
transaction
An intermediary between the buy and sell sides of a transaction is known as a - ANSWERClearing
agent
For the depository Trust and clearing Company (DTCC) all of the following are true EXCEPT -
ANSWERIt acts as a retail bank servicing savings and checking accounts
Your broker-dealer acts as a prime broker for an institutional account. in this arrangement, your
broker-dealer is likely to be providing which of the following services? - ANSWERClearing and
transactions settlement services for executing brokers
an individual or institution willing to hold securities position in its proprietary account for the
purpose of providing liquidity to the marketplace is a - ANSWERMarket Maker
An entity such as a corporation wishing to offer securities for sale to the public for the purpose of
raising capital is - ANSWERAn Issuer
A nonprofit organized requiring members to pay assessments into a general insurance fund used to
meet customer claims in the event of a broker-dealer bankruptcy is - ANSWERSIPC
If an investment company bought stock directly from a bank bypassing any intermediary or broker,
this trade took place in which of the following markets - ANSWERFourth
Which of the following statements regarding the third market is TRUE? - ANSWERIt is composed of
listed securities traded OTC
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller papersmaster01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
