Compare and Contrast the Functions and Responsibilities of a NYSE

question 22

Essay

Compare and contrast the functions and responsibilities of a NYSE specialist with those of an OTC dealer.

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Definitions:

Fraudulent Alteration

The illegal modification of a document or instrument in a manner that changes its legal rights or obligations, intended to deceive or defraud.

Electronic Signatures

Digital forms of a signature used to consent or approve documents and contracts electronically.

Holder in Due Course

A legal term that refers to a person who has received a negotiable instrument in a certain way that grants them the right to collect it free from many defenses.

Disclose

To reveal or make known information, often in the context of legal, financial, or commercial transactions.