The Securities Exchange Act of 1934 defines a market maker is a(n):
A) agent whose clients are institutions.
B) person who buys and sells securities for her own account or for the accounts of others.
C) agent for the issuer.
D) dealer who, with respect to a security, holds himself out as being willing to buy and sell that security for his own account on a regular or continuous basis.
Answer: D) dealer who, with respect to a security, holds himself out as being willing to buy and sell that security for his own account on a regular or continuous basis.