n NISM Certifications
VII NISM Series VII
Medium

Which of the following is NOT an obligation of a stockbroker?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Executing client orders

  2. B

    Maintaining client records

  3. Providing investment advice without registration

    Correct answer

  4. D

    Complying with exchange regulations

Why this is the answer

Stockbrokers must execute orders and maintain records, but giving investment advice requires proper registration as an investment advisor under SEBI regulations.

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