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Simple English definitions for legal terms
registered representative
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A quick definition of registered representative:
A registered representative is a person who is allowed to sell stocks and other investments to people. They have been approved by the government and stock exchanges to do this job. It's like they are a special kind of salesperson. They have to follow certain rules to make sure they are being fair and honest with the people they are selling to.A more thorough explanation:
A registered representative is a person who is approved by the Securities and Exchange Commission (SEC) and stock exchanges to sell securities to the public. They are also known as customer's man or customer's person.
For example, if you want to buy stocks or bonds, you might work with a registered representative who can help you make informed decisions about your investments.
Registered representatives are required to pass certain exams and meet specific qualifications to ensure they have the knowledge and skills necessary to help clients make sound investment decisions.