Which of the following is NOT a role of a broker dealer?

A broker-dealer functions in various capacities within financial markets, primarily serving as an intermediary between buyers and sellers of securities. The role of taking ownership of all trades is not characteristic of a broker-dealer acting in the capacity of a broker.

Broker-dealers typically facilitate transactions without taking ownership of the securities involved. When they act as brokers, they represent the interests of their clients, executing buy and sell orders on behalf of investors (representing the order and acting as agents of the investor). They also provide essential market information to help clients make informed investment decisions.

By contrast, when a firm takes ownership of the securities, it acts as a dealer, holding inventory that it can buy and sell on its own behalf. Therefore, option C is correct because it describes a role that does not align with the primary functions of a broker-dealer acting as a broker, which is focused on facilitating transactions rather than maintaining ownership of all trades.