1. Describe the role that discount brokers play in carrying out security transactions. To whom are their services especially appealing? 2. What are online brokers, and what kinds of investors are most...

1. Describe the role that discount brokers play in carrying out security transactions. To whom are their services especially appealing?

2. What are online brokers, and what kinds of investors are most likely to use them?

3. What is arbitration? Does SIPC require the use of arbitration in investor disputes?