Brokerage Firm

Business / Taxes / Brokerage Firm: Brokerage firms, also known as broker-dealers, are licensed by the Securities and Exchange Commission (SEC) to buy and sell securities for clients and for their own accounts. When a brokerage firm sells securities it owns, it is said to be acting as a principal in that transaction. Firms frequently maintain research departments for their own and their clients' benefit. They may also provide a range of financial products and services, including financial planning, asset management, and educational programs. Brokerage firms come in all sizes, from one- or two-person offices to huge firms with offices around the world. They are sometimes differentialed as full-service or discount firms, based on pricing structure and client relationships. Some brokerage firms exist entirely online, and nearly all firms offer you the option of placing orders electronically rather than over the telephone. In most cases, trading electronically is substantially less expensive than giving buy and sell orders by phone.

Other Words for Firm

Firm Verb Synonyms: compact, solid, dense, compressed, condensed, concentrated, rigid, stiff, hard, unyielding, inflexible, inelastic
Firm Adjective Synonyms: steady, strong, sturdy, tight, unwavering, unshakable or unshakeable, unswerving
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Confirmation

Technology / Email / Confirmation: An acknowledgment of a subscription or information request. 'Confirmation' can be either a company statement that the email address was successfully placed on a list, or a subscriber's agreement that MORE

Member Firm

Business / Finance / Member Firm: Used for listed equity securities. Brokerage firm that has at least one membership on a major stock exchange even though, by exchange rules, the membership is in the name of an employee and not the fi MORE

Nonmember Firm

Business / Finance / Nonmember Firm: Used for listed equity securities. Brokerage firm that is not a member of an organized exchange (NYSE). Such firms execute trades either through member firms, or on regional exchanges where they are m MORE

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