Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) It is important to realize that the brokerage activity requires the broker to buy and sell or hold in inventory the financial asset that is the subject of the trade.
B) A broker is an entity that acts on behalf of an investor who wishes to execute orders. In economic and legal terms, a broker is said to be an agent of the investor.
C) The broker receives, transmits, and executes investors' orders with other investors.
D) Services provided by brokers include research, recordkeeping, and advising.