SIE Exam Question 554: Answer and Explanation

Question: 554

Which of the following is a type of broker that acts as a liaison between an investor and a clearing corporation by helping to ensure that trades are settled appropriately and transactions are successfully completed?

  • A. Carrying broker
  • B. Clearing broker
  • C. Executing broker
  • D. Introducing broker

Correct Answer: B

Explanation:

A clearing broker acts as a liaison between an investor and a clearing corporation by helping to ensure that trades are settled appropriately and transactions are successfully completed.

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