What does that stockbroker do?
1. What is a stockbroker?
A stockbroker is also a stockbroker. An individual or institution that provides stock and bond trading services to investors. Brokers aim to earn commissions, and most transactions are agency business.
In China, a securities broker refers to a securities company that accepts orders from customers to buy and sell securities, acts as an intermediary between the two parties to the transaction and collects commissions. According to the provisions of the Securities Law, securities companies buy and sell securities on behalf of customers and engage in intermediary business, which are securities brokers with legal person qualifications. Securities brokerage business is the main business of securities companies, and the main body of securities brokerage business is securities brokers.
Second, the classification of stockbrokers.
It can be divided into three categories, namely, commission brokers, two-dollar brokers and bond brokers.
1, commission broker
The commission broker is in direct contact with the investing public, and its duty is to buy and sell on behalf of customers in the trading hall of the exchange after accepting the entrustment of customers, and collect commissions from customers after the transaction is completed. Commission brokers are the main members of the exchange.
2. A two-dollar broker
Two-yuan brokers do not accept the entrustment of ordinary customers, but only accept the entrustment of commission brokers to engage in securities trading.
3. Bond brokers
Bond brokers are securities companies, whose business is to buy and sell bonds on behalf of customers, and their remuneration is commission. In addition, bond brokers can also engage in securities trading business on their own.
Third, the responsibility of stockbrokers.
The responsibility is to act as an agent for customers to buy and sell securities and engage in the intermediary business of securities trading. That is to say, in securities trading, most investors do not buy and sell securities directly with each other, but through securities brokers. As an intermediary between buyers and sellers, securities brokers buy and sell securities on behalf of customers in this way: they inquire about the buying and selling prices of securities buyers and sellers, truthfully report the instructions of customers to the stock exchange according to the entrustment of customers, and through the stock exchange, when the buying and selling prices are consistent, promote the trading of securities between the two sides, and collect trading fees (commissions) from both sides.
Fourth, employment conditions.
Persons who meet the following conditions may apply for brokerage activities only after being examined and approved by the administrative department for industry and commerce and obtaining the brokerage qualification certificate:
(1) has full capacity for civil conduct;
(2) Having the knowledge and skills required for engaging in brokerage activities;
(3) Having a fixed residence;
(4) Master relevant national laws, regulations and policies;
(5) Having no criminal offence or economic violation for more than three consecutive years before applying for brokerage qualification;
(six) engaged in brokerage business in special industries such as finance, insurance, securities, futures and other countries with special provisions, it shall also have the corresponding professional brokerage qualification certificate.