stockbroker


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Stockbroker

Broker

A person or firm that conducts transactions on behalf of a client. Some brokers only conduct transactions while others also offer different types of investment advisory services. Brokers derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokers handle two main types of brokerage accounts: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. On the other hand, they have much more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule. In practice, most brokerage firms are in fact broker-dealer firms. Most brokers must register with the SEC.

stockbroker

stockbroker

a business which acts as a market intermediary in bringing together buyers and sellers of financial securities such as STOCK, SHARES and BONDS. See STOCK MARKET, AGENT, TRADER/DEALER, STOCKBROKING.

stockbroker

an agent who acts on behalf of clients in buying and selling FINANCIAL SECURITIES such as STOCKS, SHARES and BONDS in return for a commission. Some stockbrokers also act as ‘jobbers’, that is, they act as principals in ‘making a market’ in securities. See MARKET MAKER, STOCK EXCHANGE.
References in periodicals archive ?
The Wall Street Fraud Watchdog's initiative is focused on helping investors get their money back, if their stockbroker or investment advisor cheated them in the ways they have described.
CREST Personal Member accounts - those who transfer their holdings into a CREST personal member account should also contact their stockbroker in the first instance as these are sponsored accounts and the stockbroker will have all appropriate details.
Stockbrokers may have clients that include experienced traders as well as those who have started their venture in stocks.
The stockbroker, who leads a flamboyant lifestyle, is known to throw big parties and is also regularly visible in Mumbai's A- list party circuit.
State regulators, along with the National Association of Securities Dealers, jointly maintain a database of more than 650,000 stockbrokers and 5,000 securities firms.
The down payment on a stock bought from a stockbroker is called a--.
I simply returned a call from my stockbroker," she declared in a statement following the indictment.
But somehow his swirling career path from postdoctorate researcher to private-sector chemist to part-time clothing salesman to stockbroker back to chemist back to stockbroker is not reminiscent of most people's experience of the 1990s.
When Ainsworth began offering financial planning services to clients of his own small accounting firm in Commerce, Texas in 1976, he developed the plan and then called in a team--an insurance agent, a stockbroker and a lawyer--to implement it.
of Cummins, TC Memo 1993-518, the Tax Court ruled that 20 $10,000 gifts made through a taxpayer's stockbroker were not complete when the taxpayer died before the stockbroker issued the checks--even though the taxpayer had given him irrevocable written instructions to make the gifts.
ATTILA THE STOCKBROKER first took his radical, political and often incredibly funny poems and songs to the stage in 1980.