Search results
Results from the WOW.Com Content Network
A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee.In most countries they are regulated as a broker or broker-dealer and may need to hold a relevant license and may be a member of a stock exchange.
Some state laws and broker/dealer policies also require the Series 63 examination (known as the Uniform Securities Agent State Law Exam). [ citation needed ] [ 1 ] A registered representative ("RR" or "rep" or "broker") is authorized to sell a large array of securities such as stocks, bonds, options, mutual funds, limited partnership programs ...
In the United States, the Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for entry-level registered representatives, that demonstrates competency to buy or sell security products such as corporate securities, municipal securities, options, direct participation programs, investment company products and variable contracts.
The client can ask the broker for advice when deciding whether or not to buy or sell a stock, and the broker can contact the client as well to suggest they consider buying or selling a certain stock.
The financial industry is rapidly changing, and the traditional stockbroker as we know itis evolving as well.
Crowd gathering on Wall Street after the Wall Street Crash of 1929. Contrary to a stockbroker, a professional who arranges transactions between a buyer and a seller, and gets a guaranteed commission for every deal executed, a professional trader may have a steep learning curve and his ultra-competitive performance based career may be cut short, especially during generalized stock market crashes.
A brokerage account allows you to manage your own investments, rather than relying on a stockbroker, whether you're saving for your child's education, using your investments to save for retirement ...
Wall Street became the symbol of a country and economic system that many Americans see as having developed through trade, capitalism, and innovation. [90] The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, or New York–based financial interests.