How can I become a broker/seller?
To become a broker/seller, you must meet the standards equivalent to the Securities and Stock Exchange Commission (SEC) in the US. The money is made on a commission when your clients' investment increases the value and intermediary organizations also charge the set fee. The broker/seller must obtain different qualifications to sell different types of securities, which includes passing numerous exams. Other aspects of the state become a broker/seller include an organization that regulates the behavior of brokers/sellers and other body that offers investors protection.
Broker/seller should legally sell securities and various investment products. This can be done either on behalf of brokerage or as an independent broker/seller. In the US, this profession is strictly regulated by SEC. You must meet these demanding standards to be admitted as a licensed broker/seller.
If you become a broker/seller, you will earn money on the Commission when you trade in securities for your company clients.One of the advantages that you are an independent broker/seller is to avoid commissions and broker fees. Regardless of whether you are working for an organization or as an individual, it is necessary for you to be registered with the required regulatory agency.
If you want to become a broker/seller, you must obtain licenses and qualifications that relate to the investment products you sell. Requirements depend on the products you sell. For example, in the US, you will need to pass the series 6 to sell annuity and mutual funds. If you want to sell securities directly, you will also have to pass the 7 series.
You should also join the financial regulatory organization of your nation, which is a guard dog industry. In the United States, for exampleI tick an ethical broker/seller. These organizations usually have a non -governmental nature, but have authority in the brokerage industry. This means that if you want to become a broker/seller, you must follow certain codes of behavior.
Another requirement, if you want to become a broker/seller, it is to join some form of a security company Investor. It is an organization that repays investors who have lost money for securities because the company they invested in which they invested. It is similar to the purchase of an insurance contract for your clients and will be well received. In some countries, such as the United States, such an action is mandatory.