At any brokerage firm, you've got your worker ants, the regular front-line employees answering phones and poking away at computer keyboards. And then you've got the queens (or kings, depending on the brokerage firm): the folks in charge.
These management types are known as registered principals. The name comes from the fact that, at a certain level of management at securities or investment banking firms, the people in those roles literally have to be registered. They have to pass the FINRA Series 24 test, as well as the tests related to getting all the relevant securities licenses.
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Finance: What is Acting As A Principal?36 Views
Finance what is acting as a principal Yeah unless you
want to get sent to detention we don't recommend doing
this on halloween Okay this one's really about acting as
a principal How versus acting as an agent princip al
equals owner agent equals a commission taker principal The end
result like how well or poorly and investment performs determines
success Agent whether or not a commission happens determines success
Principal The party responsible for a given system or project
or event being successful agent the party responsible for getting
people teo just spend money on that event Principal developer
The person risking capital to make say a commercial building
Make money for investors Agent the person who sold office
units in that commercial building Principal the portfolio manager the
buy side player region the stockbroker the sell side player
and well that's it in our next video will cover
acting as a shakespearean prince also challenging but the pay 00:01:23.426 --> [endTime] isn't is good
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