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To accommodate a customer's order to buy an over-the-counter stock, a broker/dealer is permitted to:
Suggested Answer: D
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all of the above. All of the choices are normal ways for the broker to fill the customer's order.
26 comments · newest first
CH
Chun
2 months ago
I’m leaning towards D as well. Brokers can do all those things.
PA
Patti
2 months ago
A makes sense too. Selling from inventory is common practice.
GL
Glynda
2 months ago
I feel like C is the safest choice. Acting as an agent is standard.
GO
Golda
3 months ago
I think the answer is D. All options seem valid.
AR
Arminda
3 months ago
I lean towards D as well. Covers all bases in this scenario.
DA
Dannette
3 months ago
A makes sense too. Selling from inventory is common practice.
CA
Cammy
3 months ago
I feel like C is the safest choice. Acting as an agent is standard.
LA
Lawrence
3 months ago
I think the answer is D. All options seem valid.
RA
Raelene
3 months ago
I lean towards D as well. Covers all bases in this scenario.
CR
Cristal
4 months ago
A makes sense too. Selling from inventory is common practice.
BA
Barabara
4 months ago
I feel like C is the safest choice. Acting as an agent is standard.
AN
Anabel
4 months ago
I think the answer is D. All options seem valid.
BU
Bulah
4 months ago
Not sure about B, that sounds a bit off to me.
GA
Galen
4 months ago
Totally agree with A, it's the most straightforward option.
LY
Lyda
6 months ago
Wait, can they really sell short to the customer? That seems risky.
DO
Domonique
6 months ago
I think D) all of the above makes sense!
AN
Anthony
6 months ago
A) sell him shares from the firm's inventory is correct.
AU
Audry
6 months ago
I’m not so sure about C, seems a bit off.
LE
Leatha
7 months ago
Totally agree with D, it covers all bases.
VI
Vi
7 months ago
Wait, can they really sell short to the customer? Sounds risky!
AN
Andrew
7 months ago
Definitely A) sell from inventory.
JA
Janna
7 months ago
I think the answer is D) all of the above.
KA
Katy
7 months ago
I think the answer might be D, all of the above, but I need to double-check the rules on short selling in this context.
LI
Linsey
7 months ago
I feel like all of the options could be correct in different scenarios, but I can't recall the specifics for selling short to the customer.
LO
Lovetta
8 months ago
I remember a practice question where we discussed the roles of brokers and dealers. I think option C is definitely correct, but I’m unsure about the others.
LA
Lauryn
8 months ago
I think the broker can sell shares from the firm's inventory, but I'm not sure if they can also act as an agent in this case.