CMA Securities & Investment Practice Questions - CMA Kenya CISI Introduction To Securities & Investment (Kenya) Exam

What is the primary role of a custodian in the securities industry?

To execute client buy and sell orders on the stock exchange To hold and safeguard financial assets on behalf of investors To manage the investment portfolio and make buying decisions To underwrite new shares during an Initial Public Offering (IPO)

Correct Answer:

To hold and safeguard financial assets on behalf of investors

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