they name doesnt exactly give me confidence! I don't want to go broke!
2006-06-06 14:49:07 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
It seems to come from a gift, for doing a good business deal, it seems to have been changed to commision at some time.
Word History: Giving gifts to one's broker might be justifiable from an etymological point of view because the word broker may be connected through its Anglo-Norman source, brocour, abrocour, with Spanish alboroque, meaning "ceremony or ceremonial gift after the conclusion of a business deal." If this connection does exist, "business deal" is the notion shared by the Spanish and Anglo-Norman words because brocour referred to the middleman in transactions. The English word broker is first found in Middle English in 1355, several centuries before we find instances of its familiar compounds pawnbroker, first recorded in 1687, and stockbroker, first recorded in 1706.
2006-06-06 21:44:06 · answer #1 · answered by Owen Money 2 · 4⤊ 1⤋
Because their company owns a seat on the new york stock exchange and broker stock deals. Basicly they have a link where they can buy and sell stocks. Therefore, they can broker stocks. You can't just become an independent broker with no back from any company.
2006-06-07 04:51:14 · answer #2 · answered by jcrichton33 3 · 0⤊ 0⤋
Brokers act as intermediaries ie they just act as go betweens btwn you the investor and the market traders.I deally they are supposed to be honest brokers ie offer impartial advice
2006-06-06 20:02:04 · answer #3 · answered by mpex2006 1 · 0⤊ 0⤋
this is so because he dealing between that is you and market
2006-06-06 20:52:24 · answer #4 · answered by Anonymous · 0⤊ 0⤋
cause, if he messes up, your broke
2006-06-06 15:40:30 · answer #5 · answered by simonkcie 3 · 0⤊ 0⤋