What is a Stock Broker?

Stockbroker also acts as: stockbroker. English is: stock broker; financial consultant; portfolio salesman; security salesperson. An individual or institution that provides investors with stock and bond trading services. Brokers aim to earn commissions, and most of the transactions they conduct are agency business

Stockbroker

It can be divided into three categories, namely commission brokers,

Legal person qualification

In some countries abroad,

Stockbroker- related regulations

The State Administration for Industry and Commerce defines the concept of a broker in the "Measures for the Management of Brokers": "Broker" means that in accordance with the provisions of these Measures, in the economic activities, the purpose of collecting commissions is to engage in intermediary and discipline in order to facilitate transactions by others Or agents, such as citizens, legal persons and other economic organizations of brokerage business.

Stockbroker Conditions

Only those who meet the following requirements can apply to engage in brokering activities after obtaining the brokerage qualification certificate after examination and approval by the administrative department for industry and commerce:

(1) Have full capacity for civil conduct;

(2) Have the knowledge and skills needed to engage in brokerage activities;

(3) Have a fixed residence;

(4) Master relevant national laws, regulations and policies;

(5) No criminal or economic violations for more than three consecutive years before applying for brokerage qualification

(6) Those engaged in the brokerage business of finance, insurance, securities, futures and other special industries with special regulations of the state shall also possess corresponding professional brokerage qualification certificates.