What Are The Licensing Requirements For A Stockbroker?
To become a stockbroker, a company has to be admitted to membership by the Council of the Jamaica Stock Exchange. Senior executives, shareholders and employees dealing with the public have to pass a Fit and Proper test and the firm has to meet certain basic financial requirements on an ongoing basis. Only approved representatives of stock broking firms will be allowed to trade on the floor of the Jamaica Stock Exchange. Further, trading through a broker will be beneficial to you as you can get the use of a centralised market place.
