commission broker

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.

commission broker

An employee of a member firm of an organized securities exchange who transacts orders for the firm or its customers on the exchange floor. Orders flow to the commission broker from the firm's trading desk or from its registered representatives.
References in periodicals archive ?
Alliance Bay Realty became one of Northern California's largest 100% commission broker in just over two years.
More personalized service and competitive fee structure offered at an RIA firm (21 percent) and dissatisfaction with full commission broker (19 percent) were other top reasons advisors say investors chose an RIA.
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.
And yes, a few commission brokers do quite well for themselves.
Unlike the commission brokers of years past, along with today's breakaway brokers come client AUM: According to Aite, just under half of today's breakaways earn between 25% and 50% of their revenues from fees, while another 33% get more than 50% from fees.
While OPs make apartments easier for brokers to rent, the fee paid by the owner is almost always lower than the standard 15 percent commission brokers usually receive.
The big firms are facing intense competition from discount brokers and mutual funds, a contest they join with a special problem: Many investors are leery of the army of commission brokers who serve as the firms' foot soldiers, seeing them as pushy salesmen peddling whatever investments their employers tell them to.
However, the commission brokers receive from lenders is being squeezed as new regulations mean lenders will receive less from PPI payments and early redemption penalties.

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