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 ?
New Four-Member Team Becomes the Cornerstone of BMO's Expanded Stockbrokerage Services for AIM-Listed Mining, Energy and Technology Companies
The same day a stockbrokerage in London said it was putting together a consortium to buy the Telegraph Group and that it would make a cash offer.
Morgan, New York, and a member of the American Institute of CPAs stockbrokerage and investment banking committee, believes that "the proposal is of major significance to participants in the financial markets and the accounting profession, as it establishes new rules for determining when transfers of financial assets should be accounted for as sales and applies the rules to a significantly broader scope of transactions than the current accounting literature does.
The Company believes that all of the shares issued in the Company's initial public offering are held in "street name", which means that the cash distributions will be sent through the Depository Trust Company system to stockbrokerage and other financial firms for final distribution to beneficial owners of the stock.
The American Institute of CPAs stockbrokerage and investment banking committee released for comment an exposure draft of a proposed audit and accounting guide, Audits of Brokers and Dealers in Securities.
IFBA owns a 92% stake in Agricola and majority stakes in subsidiaries in the insurance, stockbrokerage and pension fund management sectors.
He is involved with the AICPA accounting standards executive committee (AcSEC) and the stockbrokerage and investment banking committee.
Additionally, IFBA owns majority stakes in subsidiaries involved in the insurance, stockbrokerage, and pension fund management sectors.
Tom is a member of the American Institute of Certified Public Accountants and served as Chairman of the Stockbrokerage and Investment Banking Committee and as a member of the Commodities Futures Trading Committee.
A graduate of Oxford University in England and the University of Cape Town, where he received his MBA, George was a member of the Johannesburg Stock Exchange from 1969-1981 and was senior partner of the Johannesburg stockbrokerage Saunders & Taylor.
O) principal activities are private, corporate and investment banking, as well as stockbrokerage services in Mexico.
Previously, he worked as general manager for Morgan Stanley Online and Harris Direct, where he developed, implemented, and managed the companies' stockbrokerage call center operations.