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Commission Broker |
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Commission broker A broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis.
Commission Broker A person on the floor of an exchange who trades securities on behalf of a brokerage or investor. He/she may only make trades as directed by the client, or may have some leeway in the trades he/she makes. For his/her services, this person is paid a commission, which is a percentage of value of each transaction the broker makes. In order to guard against abuse, commission brokers working with discretionary accounts are required to follow suitability rules, which mandate that the broker only make trades in good faith, that is, only makes trades a "reasonable person" would make. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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com, he served as senior vice president, Corporate Services Group, for CB Richard Ellis, where he worked as a commission broker specializing in the sale of corporate and institutional assets. com, he served as senior vice president, Corporate Services Group, for CB Richard Ellis, where he worked as a commission broker specializing in the sale of corporate and institutional assets. |
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