Business and Personal Finance Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
- REGISTERED REPRESENTATIVE
Registered representatives are licensed by the Securities and Exchange Commission (SEC) to give investment advice and act on investors' orders to buy and sell. They are paid a salary or by commission, usually a percentage of the market price of the investments their clients buy and sell. Registered reps work for a broker/dealer that belongs to the exchange where the trades are handled. They must pass a series of exams administered by the National Association of Securities Dealers (NASD) to qualify for their licenses.Back