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Federal Maritime Commission (FMC) |
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Federal Maritime Commission (FMC)A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.Federal Maritime Commission (FMC) Similar MatchesCommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. Futures Commission MerchantFutures Commission MerchantIn the US, an individual or organisation accepting orders to buy or sell futures contracts or futures options, and accepting payment for his services. FCMs must be registered with the CFTC and the NFA. CommissionCommissionCompensation due a real estate broker for acting on behalf of the principal. Underwriting CommissionUnderwriting CommissionThe fee investment bankers charge for underwriting a security issue. Commodity Futures Trading Commission (CFTC)Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures. Further SuggestionsCommission houseCommission Split commission commission house Commodity Futures Trading Commission Futures commission merchant (FCM) Securities and Exchange Commission Rules Securities and Exchange Commission indemnity commission Fee and commission compensation International Organization of Securities Commissioners Commission broker Securities & Exchange Commission (SEC) |
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