When a security is sold, many people are likely to be involved. Although is is possible for two investors to trade with each other directly, the usual transaction employs the services provided by brokers, dealers, and markets.
A broker acts as and agent for an investors and is compensated via commission. Many individual investors deals with brokers in large retail, or “wire” houses-firms with many-offices that are connected by private wires with their own headquarters and, through the headquarters, with the major markets. The people in these brokerage firms with prime responsibility for individual investors are terned account executives or registered representatives.
A broker acts as and agent for an investors and is compensated via commission. Many individual investors deals with brokers in large retail, or “wire” houses-firms with many-offices that are connected by private wires with their own headquarters and, through the headquarters, with the major markets. The people in these brokerage firms with prime responsibility for individual investors are terned account executives or registered representatives.
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