Stocks

• When a financial broker specializes in stocks, she must be able to work professionally on the floor of the exchange. According to the Securities and Exchange Commission, federal and state laws require that a financial broker be registered or licensed to work on a stock exchange floor.
  
  

Considerations

• Financial brokers can specialize in numerous areas. For example, individuals can choose to specialize in being a personal loan broker or specialize in car finance. This broker would help a person find the best deals on vehicle loans. Brokers can negotiate with lenders to help a person secure the best interest rate on his loans.
  
  

Function

• People will often use a financial broker to help them identify safe investments. This is especially true in times of financial uncertainty or economic turmoil.
  
  

Entrepreneurs

• A financial broker is also a great asset to entrepreneurs. Financial brokers can help a person find lenders to fund business ventures. Once funding is obtained, the broker can help a person manage his loans.
  
  

Central Registration Depository

• Individuals can access the Central Registration Depository to find out whether or not a financial broker is reputable. The depository is a computerized database that provides information about financial brokers such as their past employment and educational background.