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Investing > Registered Representative (RR)

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Registered Representative (RR) Defined

A brokerage firm employee who acts as an account executive for clients. In a full brokerage house, a registered representative solicits clients' business and provides advice on when to buy and sell securities. For this advice, the RR may receive a percentage of the commission that is charged to the client for making such transactions. In a discount firm, a RR facilitates the execution of client orders. The RR does not solicit new customers or give investment advice.

See Also: Account Executive; Broker; Commission; Full Service Broker

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