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 ?
There are over 35 thousand stockbrokers and sub stock brokers in India.
Thus, assume Joan was a stockbroker who completed the survey; Joan's scores on the two calibrated sales performance scales equal 0.
More recently, the firm has also been voted the Best Stockbroker for Certifi-cated Trades and Best Stockbroker for Crest Membership at the Investors Chronicle & Financial Times awards in 2013.
When my wife met me, she said she was looking for a stockbroker.
Shirley Hambridge, admissions administrator, said: "Every year we do all sorts of things to raise money for charity, from cake sales to Race for Life, "The stockbroker game proved to be really good fun; lots of people 'bet' more than once, hoping to reverse their fortunes if they picked a box with nothing or build on their good luck so far.
With so many choices available in stockbrokers, it is essential to consider some points when choosing a suitable stockbroker.
He further argued that Vora would not have shielded Palande if he had known what he was up to as the stockbroker himself could have been his next target.
Stockbrokers Panmure Gordon and Ambrian Capital are in merger talks.
In another high-profile case, stockbroker Calvin Darden pleaded guilty in August 2005 to defrauding several prominent African American investors, including rapper Nelly and NBA star Latrell Sprewell.
2 -- color) Stockbroker Earl Feldhorn reads a 2-week-old Forbes magazine in his Los Angeles office.
Roosevelt, Securities and Exchange Commission, Social Security benefits, stockbroker, stock market, World Bank
Charles McArthur, 39, pocketed the cash from the Glasgow office of Gerrards Stockbrokers.