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 ?
Millennials may be good in technology, but they are behind when it comes to online stock market investing, according to First Metro Investment Corp.'s stockbrokerage arm.
MENACORP, premier financial services group said that the UAE Securities and Commodities Authority formally sanctioned the expansion of its international stockbrokerage activity.
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.
'We would like to remind the public that all stock market transactions should be coursed through PSE-accredited trading participants or stockbrokerage firms,' the PSE said in a new public advisory.
Among the measures in place are real-time broker ownership monitoring through the trading system, updating of Customer Account Information (CAI) Form of clients of stockbrokerage firms, submission of a monthly certification of Trading Participant's (TP) related person accounts with corresponding PSE shareholdings, and amending the PSE Rules Governing Trading Rights and Trading Participants.
We hope to further grow the number of stockbrokerage firms that offer online trading services so that the stock market becomes even more accessible to everyone,' Monzon said.
He is involved with the AICPA accounting standards executive committee (AcSEC) and the stockbrokerage and investment banking committee.
(PSE) ended the trading year with a special bell ringing ceremony attended by PSE officials and officers of stockbrokerage firms.
MANILA, Philippines The entry of China Telecom as a possible third telecommunication player in the country is being jammed by security issues that hound its Philippine operations.This was the conclusion of an industry outlook report by local stockbrokerage Papa Securities Corp.
'We remain firm in our view on the PSEi that it should continue to move to its resistance at its recent high of 8,139 over the next few days-a breakout may not be likely just yet, however, as we wait for Friday's inflation data,' stockbrokerage Papa Securities said.
'I attribute the growth in retail investors outside Metro Manila to the streamlined account-opening processes of online stockbrokerage firms.
"We would like to remind the public that all stock market transactions should be coursed through PSE-accredited trading participants or stockbrokerage firms," Refran said.The PSE urged the public to remain vigilant against unscrupulous individuals, investment scams and other similar schemes.