What Is an Investment Broker-Dealer?

A finder is a broker in business. The ancients: warp, the vertical line of fabric; Ji, find out the clues of scattered lines. The word "broker" seems to have the meaning of threading. According to the explanation of the modern Chinese dictionary, clients refer to those who refer to people to earn commissions. Many people are unfamiliar with the term. In fact, the phenomenon of brokers is ubiquitous in reality. Not only litigation brokers, but also political brokers, academic brokers, and so on. Their role is to act as a broker or intermediary, acting as a bridge .

Broker

Right!

Broker (finder)

According to the characteristics of the intermediary behavior, the broker should have the following conditions:

(1) Have complete behavior

Brokers who violate national laws and regulations in intervening activities may be revoked as brokers in certain circumstances. The basic right of a broker in an intermediary event is to request

The broker shall assume the following obligations:

(1) The obligation to report truthfully and be a proper medium . The broker shall report to the parties the facts it knows about the contract. Obviously no

Sima Qian said in "Historical Records": "The world is bustling, all are good trends; all the world are good, all are good." This famous saying is used today, which is exactly the true portrayal of brokers (brokers).

The "power broker" connecting buyers and sellers of the right-money transaction is an important pillar in the case. A large number of facts show that such "power brokers" are not only an important force to promote the spread of corruption, but also a major difficulty in the current anti-commercial bribery.

In fact, "" is a neutral word. The ancients: warp, the vertical line of fabric; Ji, find out the clues of scattered lines. The word "broker" seems to have the meaning of threading. Making a broker a priority often requires public activity, but in reality not everyone is willing to do so. So the group named "" emerged at the historic moment, either hidden or open, and performed a series of dramas on the big stage of society. From professors to supermodels to individual village women, people from all walks of life consciously or unconsciously got involved in brokering activities. With the development of network information technology, some websites have also begun to act as "seekers" who do not meet, and some even simply named "seekers". The broker economy is showing strong momentum.

Clients have a very wide range of survival. I do nt see him. In addition to the quota brokers here, there are litigation brokers in lawsuits and approval brokers in running projects. Those who want to be promoted will encounter political brokers. The introduction of high-level talents is inseparable from "professional clients", and some local governments will actively promote "investment clients" for investment promotion ... others include technology clients, cultural clients, and so on. Brokers are everywhere, but an important feature of them is that they are ever-changing and centered on power (whether public or private). It can be said that where there is power to rent-seeking, there are places where customers can step in, and there may be customers.

In many cases, the broker's economy is "human economy + referral bribery." "Brokers" have three things in common: one is that they have a lot of magical powers, have extensive and stable interpersonal relationships, and are good at entertainment; the other is that they are trusted by both the bribe and the bribe, and both rely on the identity of the middleman; It has reduced the risk cost of bribery and opened a relatively closed and reliable way for bribery. It keeps the officials in charge of public power from leaving the house and can win a lot of money by playing with the big seal. At the same time, it prevents some companies from focusing on normal production, legitimate management and open competition, and trying to walk the old planned economy. The way is to do everything possible to entrust acquaintances, find relationships, and engage in backdoors to develop the economy through human relationships, so that enterprises can survive or obtain illegal benefits. "They are the most effective lubricants," said Ni Zhendong, president of Zero2IPO venture capital firm Zero2K.

The emergence of brokerage economy has its inevitability. In our daily life, due to the spatial and temporal separation of supply and demand, and the shortage of contacts, the asymmetry of information has made the contradiction between supply and demand increasingly common and prominent, and it is particularly urgent. People need a middleman to communicate and adjust in order to achieve the optimal allocation of information and resources. This is a beneficial thing for social and economic development, and it seems to be out of control today. But the problem is that the reason for the existence of brokers involving public power is because of the high concentration of power, the artificial control of power is too large, and the operation lacks sunshine operations. Li Youcan, the former deputy director of Hebei Provincial Department of Foreign Trade and Economic Cooperation and director of the Provincial Mechanical and Electrical Office, is also a typical example. He was able to accept bribes of 47.23 million in 20 months entirely because he has the power to approve the province's import car quotas. Monopoly power actually leads to a market economy with power or a noble market economy. Broker economy is an important manifestation of it. This makes the market economy unable to operate normally. While the broker economy is booming, it will lead to Serious social problems such as official corruption and government failure.

In addition, the issue of brokers' right to speak should also be a cause for concern. Nowadays, we can hear the high opinions of officials, as well as the voices of scholars who defend officials and entrepreneurs. Monopoly power and monopoly capital have formed a large alliance through brokers to form a monopoly on the right to speak. There are actually a lot of interests behind it. The famous scholar Hu Xingdou believes that "an alliance such as political brokers and cultural brokers is the biggest problem in China's reform."

China's legal system has clearly not yet followed up on how to restrict and regulate brokers. Until now, judicial practice has not paid much attention to this group of people. As long as these intermediaries do not accept other people's property after the event, it is difficult to hold him accountable, and if the intermediary is not a national worker, the judicial department will often not pay attention to it. But in fact, power-related "brokers" have gradually become a key role in the formation of commercial bribery. The judicial authorities should issue clear judicial interpretations on how to combat them, and strengthen the deterrent effect of the law.