T/F question:

1.The US Federal Reserve has placed limits on how much of a stock can be purchased 'on the margin.'This is meant to limit the tendency for credit to create market bubbles.

2.There are legitimate reasons for a firm to buy its own stock during an IPO, so the SEC does not regulate this.

3.One argument for placing Broker-Dealers (BDs) and Investment Advisers (IAs) under a uniform standard is that most clients don't understand the difference between a BD and an IA.

4.Stockbrokers, as opposed to dealers, can use their brokerage firm's inventory of stocks to facilitate trades.