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Business / Taxes / Registered Representative: Registered representatives are licensed to act on investors' orders to buy and sell and to provide advice relevant to portfolio transactions. They may be paid a salary, a commission, usually a percentage of the market price of the investments their clients buy and sell, or by annual fee figured as a percentage of the value of a client's account. Registered reps work for a broker-dealer that belongs to the exchange or operates in the market where the trades are handled. The reps must pass a series of exams administered by NASD to qualify for their licenses and are subject to NASD oversight.
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Representative Noun Synonyms: symbolic, typical, characteristic, emblematic, archetypal, evocative, illustrative
Representative Adjective Synonyms: agent, (travelling) salesman or saleswoman, rep
Business / Finance / Registered Retirement Savings Plan (RRSP): Tax-sheltered retirement plan for Canadian citizens, much like an American IRA. MORE
Business / Finance / Registered Representative: A person registered with the CFTC who is employed by and solicits business for a commission house or futures commission merchant. MORE