Stock Market Classes in lucknow- Skylark Groups
Stock Brokers
A stock broker is an individual or firm that facilitates the buying and selling of securities on behalf of their clients. They typically act as an intermediary between a stock exchange and their clients, providing advice on investments and managing their clients' portfolios.
Stock brokers need to be knowledgeable about the stock market and its various types of investments, including equities, bonds, mutual funds, and derivatives. They must also be familiar with the regulations governing the buying and selling of stocks and other securities, as well as the different types of orders that can be placed.
In order to become a stock broker, one must obtain a Series 7 license from the Financial Industry Regulatory Authority (FINRA). This license requires that the individual successfully pass the FINRA-administered Securities Industry Essentials Exam, as well as a separate qualification exam. Once licensed, stock brokers must adhere to ethical standards and comply with FINRA's rules and regulations.
Stock brokers typically charge their clients a commission for each stock trade. However, the commission rate may vary depending on the size and complexity of the trade, as well as the broker's expertise and the type of account the client holds.
