Question: 2 0 . Among the differences between an introducing broker - dealer and a clearing carrying broker - dealer is that clearing firms: A Maintain
Among the differences between an introducing brokerdealer and a clearing carrying brokerdealer is that clearing firms:
A Maintain possession and control of securities and introducing firms do not.
B Are members of all major securities exchanges and introducing firms are not.
C Are permitted to engage in investment banking and underwriting of new issues of securities and introducing firms are not.
D All of these are differences.
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