Term of the Day stockbroker Licensed agent who has to pass certain qualifying tests to be certified to offersecurities investment advice to investors. He or she may (1) counsel what and when to buy, (2) counsel whether to hold or sell securities, (3) execute buy-sellorders on behalf of the investors, and (4) charge a percentage of the transactionamount as brokerage fee for the services rendered. Also called registeredrepresentative. Learn more about this term Usage Example Before investing for the first time, I spoke with a stockbroker to help advise me on what stocks to purchase.

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