Giao dịch, Tài khoản & Hành vi cấmCâu 230 / 398
When handling a customer order, a broker-dealer's obligation to seek the most favorable terms reasonably available under the circumstances is known as its duty of:
a.Suitability
b.Disclosure
c.Diversification
d.Best execution
Giải thích
Best execution requires a firm to use reasonable diligence to obtain the most favorable price and terms for a customer order given current market conditions. Suitability concerns whether a recommendation fits the customer, which is a separate obligation.
Trích dẫn luật: Securities Exchange Act of 1934Luyện miễn phí toàn bộ 398 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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:
- In a fast-moving, volatile market, an investor is most concerned about certainty of execution and less concerned about the exact price. Which order best serves that priority?
- Under SEC rules, when must a broker-dealer send a customer a written confirmation of a securities transaction?
- A customer sells stock to a firm that buys the shares into its own inventory. The firm lowers the price it pays below the current market to compensate itself. What is this charge called?
- After a forward stock split, what happens to an individual shareholder's proportional ownership of the company?
- A trade is executed for 'cash' settlement on a Monday morning. When must delivery of the securities and payment occur?
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