SIE Exam Practice Question 266

Question: 266

Among the differences between an introducing broker-dealer and a clearing carrying broker-dealer 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.