Question

20. A specialist on the New York Stock Exchange A) Is not allowed to make any...

20.

A specialist on the New York Stock Exchange

A)

Is not allowed to make any profits

B)

Helps investors make as much money as possible

C)

Is ready to sell and buy stocks in which he specializes in order to maintain orderly market conditions.

D)

Can borrow funds from shareholders

E)

None of the above

Homework Answers

Answer #1

(c)A specialist in the New York Stock exchange is ready to sell and buy stocks in which he specializes in order to maintain orderly market conditions

Specialist refers to an individual who is a member of the NYSE or any stock exchange for that matter who is ready to buy and sell stocks in which he specializes in order to maintain orderly market conditions.Specialists are prohibited from trading ahead of the investors who have placed their orders to buy or sell a specific security at the same price.a specialists maintains orderly market conditions by helping to reduce the market volatility by stepping in with their own capital when there is an insufficient number of buyers and sellers.

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