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Ap

• See Associated Person.

 
 Embedded terms in definition
 Associated person
 
 Referenced Terms
 Broker: A broker brings buyers and sellers together for a commission paid by the initiator of the transaction or by both sides; he does not position. In the money market, brokers are active in markets in which banks buy and sell money and in interdealer markets.(1) An individual or firm that charges a fee or commission for executing buy and sell orders submitted by another individual or firm. (2) The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services. See also: Broker-Dealer.An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders.Is the party who acts as an agent for his customer. The broker receives a commission as compensation. This person is also known as an AE, Ap, IE, RR, or registered customer support person. Brokers are required to be licensed according to product lines and states when required.A broker brings buyers and sellers together for a transaction for which the broker receives a commission. Broker generally does not hold inventory or make a market for securities.

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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