Brokerage clerks, who work in the operations areas of securities firms, perform many duties to facilitate the sale and purchase of stocks, bonds, commodities, and other kinds of investments. These clerks produce the necessary records of all transactions that occur in their area of the business.
Job titles depend upon the type of work performed.
They balance and verify stock trades by comparing the records of the selling firm to those of the buying firm. Dividend clerks ensure timely payments of stock or cash dividends to clients of a particular brokerage firm. Transfer clerks execute customer requests for changes to security registration and examine stock certificates for adherence to banking regulations. Margin clerks post accounts and monitor activity in customers' accounts. Their job is to ensure that customers make their payments and stay within legal boundaries concerning stock purchases.