if a broker-dealer's trading desks purchases a large block of stock during the last minutes of trading in an effort to drive up the price, it is: qid: 3569523 mark for review a an acceptable practice that's referred to as a block trade b an acceptable practice that's referred to as trading ahead c a prohibited practice that's referred to as backing away d a prohibited practice that's referred to as marking-the-close

An illegal activity known as "marking-the-close" occurs when a broker-trading dealer's desks buy a sizable block of stock in the closing minutes of trading in an effort to raise the price.

Who is a broker-dealer?

The term "broker-dealer" is used in the financial services sector to refer to a person, business, or other entity that trades securities for its own account or on behalf of its clients. Broker-dealers play a crucial role in the exchange of securities and derivatives.

Marking the closure is the deliberate buying or selling of wholesale energy goods right before the market closes in an effort to keep the price of the closing price of the wholesale energy product elevated.

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