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What do securities brokers do in addition to buying and selling securities?
In addition to buying and selling securities, brokers can advise and educate their clients on investments, saving for retirement, and tolerance for risk. Overall, brokers spend a great deal of time marketing their services and products
What is the difference between a securities broker and a commodities broker?
Securities and commodities brokers differ in the investments they buy and sell. Securities brokers typically buy and sell stocks, bonds, and mutual funds. Commodities brokers buy and sell futures contracts for metals, energy supplies such as oil, and
What is the difference between securities brokers and securities dealers?
Securities brokers act as intermediaries who facilitate the buying and selling of securities on behalf of clients, earning commissions on these transactions. In contrast, securities dealers buy and sell securities for their own accounts, aiming to profit from price fluctuations. While brokers primarily serve clients by executing trades, dealers focus on maintaining inventory and market liquidity. This distinction highlights their different roles in the financial markets, with brokers emphasizing client service and dealers concentrating on market-making activities.
What are the requirements to obtain a securities license?
Most brokers and sales assistants obtain the Series 7 license from the NASD by passing the General Securities Registered Representative Exam. In addition to passing the exam, these professionals are required to take classes
What is brokers and securities dealers?
Brokers and securities dealers are key participants in financial markets. Brokers act as intermediaries who facilitate transactions between buyers and sellers of securities, earning a commission for their services. In contrast, securities dealers buy and sell securities for their own accounts, profiting from the difference between the buying and selling prices. Both play crucial roles in ensuring liquidity and efficiency in the trading of financial instruments.
What are the provisions of the Securities Exchange Act of 1934?
This act created the Securities Exchange Commission (SEC) and required any brokers or dealers engaged in the exchange of securities to report these transactions to the SEC
Is the Securities and Exchange Commission is responsible for setting margin requirements?
Yes, the Securities and Exchange Commission (SEC) is involved in setting margin requirements, but it works in conjunction with the Financial Industry Regulatory Authority (FINRA) and the Federal Reserve. The SEC establishes regulations that govern the securities industry, while the Federal Reserve has the authority to set margin requirements for credit extended by brokers and dealers. FINRA also enforces rules related to margin trading among its member firms. Thus, margin requirements are determined through collaboration among these regulatory bodies.
What services do brokers cyof provide for their clients?
Brokers provide services such as investment advice, buying and selling securities, managing portfolios, and providing market research for their clients.
What has the author Merlin Gackle written?
Merlin Gackle has written: 'Bankers as Brokers' -- subject(s): Banks and banking, Customer services, Bank marketing, Securities processing, Brokers
What has the author John C Loeser written?
John C. Loeser has written: 'The over-the-counter securities market' -- subject(s): Brokers, Over-the-counter markets, Securities
What is the pay structure for many securities brokers and commodities dealers?
For many brokers and commodities dealers, income is based on a salary and on commissions from the sale or purchase of stocks, bonds, or futures contracts.
What are the educational requirements for top positions in the securities field?
To advance further and gain access to higher salaries and more prestigious positions, many people obtain a master's degree in business administration.
