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The rise of the internet has:
- led to large amounts of security fraud
- greatly increased the cost of security trading
- significantly democratized the flow of investment information
- Led to fewer number of discount brokers
In order to avoid paying income taxes, an investment company must:
- Be registered as a closed-end investment company
- be classified as a non-profit organization
- invest only in municipal bonds
- pass on interest, dividends, and capital gains to the stockholders
Which of the following statements regarding discount brokers is true?
- They offer free investment advice
- Each broker has a specific set of clients that they always work with
- They are "bare-bones" brokers and as such, do not offer advice -- their role is to mainly execute transactions at your request
- They do not hold securities in street name for their clients
Thanks so much for any help!!
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