National Market Advisory Board


 

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National Market Advisory Board

Group that advises the SEC on establishing a national exchange market system, which is a highly automated, continuous national SEC, but that preserves the regional SEC.



National Market Advisory Board

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Advisory broker

Advisory broker

A broker who not only deals in stocks and shares on behalf of his client, but also advises on what shares should be bought and sold for the portfolio.The broker will contact the client to suggest changes in the composition of the portfolio, but does not have authority to trade on a completely discretionary basis.The client pays a commission on dealing and may pay charges based on the value of the portfolio.


Advisory letter

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A newsletter offering financial advice to its readers.


Consumer Advisory Council (CAC)

Consumer Advisory Council (CAC)

A statutory body established by Congress in 1976. The Council, with 30 members who represent a broad range of consumer and creditor interests, advises the Federal Reserve Board on the exercise of its responsibilities under the Consumer Credit Protection Act and on other matters on which the Board seeks its advice.


Federal Advisory Council (FAC)

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Investment advisory service

A business that specializes in providing investment advice for a fee. All advisers of an advisory service must be registered with the Securities and Exchange Commission.


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