Legal Definition and Related Resources of Stockbroker

Meaning of Stockbroker

One who buys and sells stocks as an agent for others. His functions are much broader than that of an ordinary broker or agent employed merely as a negotiator. Frequently he is called upon to take the purchase in his own name, paying all or part of the purchase price and is entrusted with the possession of the securities dealt in, receiving or delivering them without the name of the principal being disclosed. In purchasing the stock he is an agent; in advancing money for the purchase, he becomes a creditor ; and finally in holding the stock to secure the advances made he becomes a pledgee of same. until the purchase money is paid to him by the client , he has a lien upon the stock for the amount of the money advanced by him. Re Toole, (C.A.2)274 F. 337, 24 A.L.R. 470.

Related Entries of Stockbroker in the Encyclopedia of Law Project

Browse or run a search for Stockbroker in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Stockbroker in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Stockbroker in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Stockbroker in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:






Leave a Reply

Your email address will not be published. Required fields are marked *