A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors.
While the term stockbroker is still in use, it is more commonly referred to as simply "broker", "registered rep" or simply "rep"-- shortened versions of the official FINRA (pronounced "FIN-ra") designation "Registered Representative". This designation is obtained by an i...
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A stock broker or stockbroker is a regulated professional broker who buys and sells shares and other securities through market makers or Agency Only Firms on behalf of investors.
While the term stockbroker is still in use, it is more commonly referred to as simply "broker", "registered rep" or simply "rep"-- shortened versions of the official FINRA (pronounced "FIN-ra") designation "Registered Representative". This designation is obtained by an individual passing the FINRA General Securities Representative Examination (also known as the "Series 7 exam") and being employed ("associated with") a registered Broker-dealer also called a brokerage firm; the firm is typically a FINRA "member" firm.
More restrictive FINRA licenses or series exams exist for brokers or reps who do not need the full array of capabilities with the Series 7. See the FINRA List of Securities Examinations. And variable products such as a variable annuity contract or variable universal life insurance policy typically...
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