Stockbrokers: Who Are They How Do They Work
A stockbroker works under the supervision of the Security and Exchange Commission (SEC) of the United States of America, if they are in the United States. They are regulated on how they can offer stock, how they must treat their client`s transactions, and only by passing the tests of the SEC can they do business.
It is reasonable to say that a stockbroker can be seen as a "financial friend" by a client or a client`s worst enemy. It all depends on the nature of the stockbroker, their honesty, and adherence to the regulations that they must follow.
Almost everyone knows something about the stock market. Some know from activities that reach the major news outlets regarding violations of rules or tenets of the marketplace. Occasionally a stockbroker is disciplined by the SEC, or charged by a court of competent jurisdiction for legal wrongdoing. Some know from major events in the stock market, i.e. the crash of 1929, the dot com bubble, and other events.
What can becoming a stockbroker do for you? You can serve your fellow man. You can learn a living. You can become very wealthy. You can grow and go on to become the principle in your own stock brokerage company.
A career as a stockbroker must start with proper licensing. To become licensed you must pass at least two tests a Series 6, and a Series 7. If you work for a firm and advance you career up the ladder there are other tests that must be passed, i.e. Broker Principle, before you can do that job.
Being a stockbroker offers all the challenges of an important sales position. You must be a specialist before you can begin to do the work that produces your income and provide the vital services your clients expect. Once prepared you job is to provide your clients access to a wide variety of markets such as the New York Stock Exchange, the American Stock Exchange, NASDAQ, several commodity exchanges such as the Chicago Exchange, and specialized insurance and banking products as well.
If one thing can be said about becoming a stockbroker it is that it is not easy. The job changes with the whims and wills of the regulators, volatile conditions in the economy and marketplace, and the idiosyncrasies of individual human beings. Becoming a stockbroker requires dedication and the ability to learn and evolve with the times and the financial environment.
Related Tags: career change, stock market, stock broker, career training, discount stock broker, online stock broker
Ayna Miah knows the stock brokerage industry secrets both inside and out. Now he wants to share his profitable knowledge with you.Discover the Insider Tips, Techniques and Secrets That Will Turn You Into a Great Stockbroker and Even If You Have No Experience Whatsoever.http://www.aboutstockbrokers.com/blog
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- The Secrets to Getting Low Down Payment Car Insurance
Upon purchase of a new car, there is almost always a requirement to buy an auto insurance policy as - The Wisdom Behind Auto Insurance Comparison Quotes
No one in his right mind would not go for a good deal. In fact, everyone is out on their feet and ru - The Benefits of Auto Insurance Comparisons Florida
Insurance can be expensive. This is something everyone knows about especially in the sunny state of - Auto Insurance Florida: The No-Fault Policy
There are different kinds of car insurance offered by a wide range of providers today. Different sta - Finding the Cheapest Auto Insurance Companies
Everyone is asking and searching for the cheapest auto insurance companies available today. Consider - How do You Compare Private Health Insurance Cover in Australia?
Deciding what is the best and most affordable private health insurance cover can be easy if you take - How Payment Protection Insurance Was Mis-Sold
For over six years the issue of Payment Protection Insurance (PPI) and how it was mis-sold to custom - Finding Quotes For Auto Insurance Online
One of the many concerns when you are shopping for auto insurance is being able to get access to quo - How You Can Find the Best Auto Insurance Online
When it comes to renewing your car insurance you are going to quickly discover that there are a numb - Guidelines For Searching For Auto Insurance Online
The internet can be a great source of discounts and values related to auto insurance. However, many
Most viewed articles in this category:
- Trading Forex With Pivot Points
Forex Pivot Point Trading are used today by Forex Traders and are calculated on the previous days mo - Where To Search For Free Grants
Where do you look for free grants? The search must be thorough or it could be an exercise in futilit - The Connection Between High Blood Pressure and Salt
We are a society of Salt Addicts. It cannot be denied. When you look at the things we do and the pla - Tips For Avoiding HYIP Scams
Before knowing about HYIP Scams, refer to the functioning of HYIP or "High Yield Investment Programs - Getting Credit After Bankruptcy
Consumers do not have to live sans credit following a bankruptcy. By following certain steps consume - Tips For Choosing A Credit Card
Are you looking for that perfect credit card? If so, you may be confused about what exactly to look - Cheap Car Insurance For Teens Online
Many elements determine a car insurance policy. Car insurance companies look at the person's age, hi - What Exactly Is Free Grant Money?
You can apply for free grant money from various government agencies. But where exactly does this mon - Small Business Owners Marketing and Customer Service
Marketing can be time-consuming, but it doesn't have to be hugely expensive now, thanks to the Inter - Apply Online For A Credit Card - How To Choose A Card?
The best type of credit card for you will be dependant on how you intend to use the credit card. Are