RE: New broker28 Jun 2018 08:38
he role of brokers
A broker is a securities house and a member of the London Stock Exchange. The broker’s role is to:
assess the level of investor interest in a company's AIM securities, at admission and in the run-up to any further issues provide advice on market and trading related issues
advise on market and trading related issues
advise on the pricing of shares and investment opportunities.
Under the AIM Rules for Companies, every AIM company must retain a broker at all times. Often the Nomad firm will also have a broker team and a company may wish to appoint the same firm as Nomad and broker. In such case, the firm will need to ensure adequate safeguards to avoid potential conflict of interest from arising between the two advisory services.