California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
A: a licensed broker acts as a liaison person between the buying investor and the selling investor. The licensed broker acts as an agent for investors in all market dealings. Buying and selling securities on QE can not be performed amongst investors themselves but only through licensed brokerage companies.