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Stockbroker

Legal definition for Indian law research

Definition

Stockbroker, one who buys and sells stock as the agent of others. 7 Geo. 2, c. 8 (known as Sir John Barnard's Act), required a stock-broker to keep a book called the brokers book, to enter all contracts for stock made by him on the same day, with the names of the parties and the day, and to produce such book when lawfully required; but this Act has been repealed by 23 Vict. c. 28, See BROKER.

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