Specialists on the Stock Exchanges May Do All of the Following

question 45

Multiple Choice

Specialists on the stock exchanges may do all of the following except _________.

• A) They make a market in shares of the firms for which they specialize
• B) They keep the limit order book
• C) Use their privileged information to make speculative investments on their own account
• D) Use their privileged information to make investments on behalf of clients of brokerage firms with which they do business

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