Giao dịch, Tài khoản & Hành vi cấmCâu 227 / 398
A single firm sometimes arranges trades between customers and third parties for a commission, and at other times trades from its own inventory and charges a markup. This firm is best described as a:
a.Broker-dealer acting in both agency and principal capacities
b.Broker only, never a dealer
c.Dealer only, never a broker
d.Transfer agent
Giải thích
A firm that acts as an agent (broker) on some trades and as a principal (dealer) on others is a broker-dealer. On any given trade it must disclose the capacity in which it acted, since that determines whether it charges a commission or a markup/markdown.
Trích dẫn luật: Securities Exchange Act of 1934Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
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