A broker is:
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A. B. C. D.AB
A broker is a professional who acts as an intermediary between buyers and sellers in financial transactions, particularly in the buying and selling of securities such as stocks, bonds, and mutual funds. Brokers are regulated by securities regulators, and they are required to have a license to operate.
Option A, "Far more than a salesperson," is a correct statement. A broker's role goes beyond that of a mere salesperson. Brokers are typically knowledgeable about financial markets and can provide guidance and advice to their clients on investments.
Option B, "Mostly interested in his own commission," is not entirely accurate. While brokers do earn a commission on transactions, they are also bound by a duty to act in their clients' best interests. This is known as a fiduciary duty, which means that brokers must put their clients' interests ahead of their own.
Option C, "May not be socially known," is a vague statement and doesn't accurately reflect a broker's role. A broker's social status is irrelevant to their profession.
Option D, "Can trade your stock without your permission," is an incorrect statement. A broker must have their client's permission before trading any securities on their behalf. Clients typically give their broker discretion to make trades, but this is only after the broker has obtained the client's explicit authorization.
In summary, option A is the most accurate answer. Brokers are professionals who provide guidance and advice to clients on financial transactions and are regulated by securities regulators. They have a fiduciary duty to act in their clients' best interests and must obtain their clients' explicit authorization before making trades on their behalf.