Recent Examples of stockbroker from the Web
His father, Rupert, was a stockbroker; his mother, the former Helen Whitmore, was a homemaker.
Every morning, former stockbroker Nick Iaria cuts and tenderizes pork loins — fresh, never frozen — and sells the sandwiches in queen- and king-size portions.
The son of James F. Cooke, a Wall Street stockbroker, and Kathleen Rita Mulligan, a homemaker, Janes Francis Cooke was born and raised in Flushing, N.Y.
Lorrimer, whose occupation is listed in Orange County Jail records as stockbroker, posted $100,000 bond and was released from jail Tuesday.
When a white-collar agency dweeb scolds him for his profligate borrowing, Toomes cold-cocks him — almost as enjoyable as Bane braining the arrogant stockbroker in The Dark Knight Rises.
Storefront stockbrokers and insurance agents tend to be very retail, working with numerous smaller clients.
Funaro is a stockbroker who is known among politicians as a key fundraiser for Temer’s centrist Brazilian Democratic Movement Party.
But Kernen, a former stockbroker, also has a science background— and a robust one at that, for someone in his line of work.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'stockbroker.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of stockbroker
Financial Definition of STOCKBROKER
What It Is
A stockbroker is a person or a company that acts as an intermediary between buyers and sellers of stocks.
How It Works
Stockbrokers must have Series 7 and Series 63 licenses; other licenses are often required for specific types of brokers. For example, some stockbrokers must also obtain a Series 3 license if they want to trade certain financial products such as futures and commodities. To obtain a Series 7 license, the applicant must pass the Series 7 exam (also called the Qualification Examination for General Securities Representative), which primarily covers the seven critical functions performed by registered representatives: seek business for the broker/dealer, evaluate customer needs and objectives, advise clients, manage customer accounts and account records, explain the securities markets and the factors that affect them, execute orders for clients and monitor client portfolios. The National Association of Securities Dealers administers the test.
There are many other types of brokers in the financial world. For example, a commodities broker specializes in trading commodities, a floor broker handles orders on the floor of a stock or commodities exchange and a full-service broker offers brokerage services and sells other financial products such as insurance, tax planning or research conducted by other members of the brokerage firm. A discount broker essentially executes trades on behalf of customers and does little else. Brokers are not the same as research analysts, who analyze and make recommendations about certain stocks.
Why It Matters
Stockbrokers are some of the most important people in any market because they bring buyers and sellers together and thus create liquidity and efficiency in the market.
However, stockbroker commissions eat into returns, so investors should shop for a stockbroker that provides an appropriate level of service. For instance, the extra cost of a full-service broker may be worth it for people who don't have the knowledge or inclination to stay on top of complicated investing or financial planning. Likewise, new investors or those with complex portfolios might find more comfort in full-service brokers. Investors who hold their investments for a long time are usually less bothered by higher trading commissions because they don't trade that often.
STOCKBROKER Defined for English Language Learners
Definition of stockbroker for English Language Learners
: someone whose job is to buy and sell shares of stock for other people
STOCKBROKER Defined for Kids
Definition of stockbroker for Students
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