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Finance Dictionary and Glossary of Investment Terms
Registered representative
Definition 1.
A person registered with the CFTC who is employed by and solicits business for a commission house or futures commission merchant.
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Definition 2.
An individual who is licensed to sell securities and has the legal power of an agent, having passed the Series 7 and Series 63 examinations. Usually works for a brokerage licensed by the SEC, NYSE, and NASD. also called account executive.
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Definition 3.
A registered representative is the formal name for a stockbroker. That''s because all stockbrokers must register with the National Association of Securities Dealers before they are allowed to buy and sell securities for their customers.
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Definition 4.
The employee of an NASD member firm who gives advice on which securities to buy and sell, and who collects a percentage of the commission income he or she generates.
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