Câu 4: SERIES-6: Investment Company and Variable Contracts Products Representative Qualification Examination (IR)

Which of the following statements about specialists is false?

1. A. Specialists are market makers in assigned stocks and, as such, can profit from these investments.
2. B. Specialists are required to maintain a fair and orderly market in their assigned stocks, meaning that they must buy if there is an excess of sell orders and sell out of their own portfolios if there is an excess of buy orders.
3. C. Specialists are employees of the exchange on which they oversee trades. — đáp án hiện tại
4. D. In addition to acting as market makers, specialists also act as agents and execute limit orders placed by commission brokers for their clients if the specified