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• A dealer at the market who buys and sells securities on behalf of the public investors.
• He is an agent of investors
• He is the only authorized person to deal with the quoted securities. He is authorized by CMA and NSE
• He obtains the suitable deal for his clients/investors, gives financial advice and charges commission for his services.
• He doesn’t buy or sell shares in his own right hence he cannot be a market marker.
• He must maintain standards set by the stock exchange.
Kavungya answered the question on March 12, 2019 at 05:26
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