Discussion Between – Jobber & Broker.
Discussion – Jobber and Broker – HSC Board – Easy way to learn and memorized – class 12th – S.P – Notes of Introduction to Stock Exchange – Difference between Jobber and Broker , Distinguish between – Introduction to Stock Exchange – Secretarial Practice – Notes, & Distinguish Between – according to the New Textbook for HSC Board –Difference between, Study material, studies notes, study notes.
|1.||Meaning||Jobber is a dealer who deals in buying and selling of securities.||Broker is an agent who deals in buying and selling of securities on behalf of his client.|
|2.||Nature of trading||A jobber carries out trading activities only with the broker.||A broker carries out trading activities with the jobber on behalf of his investors.|
|3.||Restrictions on dealings||A jobber is prohibited to directly by or sell securities in the stock exchange. Also he cannot directly deal with the investors.||A broker Acts as a link between the jobber and the investors. He trades i.e. buyers and sells securities on behalf of its investors.|
|4.||Agent||A Jobber is a special mercantile agent.||A broker is a general mercantile agent.|
|5.||Form of consideration||A jobber gets consideration in the form of profit.||A broker gets consideration of commission or brokerage.|