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Question
Distinguish between the following.
Jobber and Broker.
Solution
| Points | Jobber | Broker |
| (1) Meaning | Jobber is one who buys and sells securities in his own name. | 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 buy 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. buys 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 in the form of commission or brokerage. |
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