To put simply, a stockbroker is a middleman that assist investors buy and sell shares on their behalf. Stockbrokers are independent financial advisors providing advice to their clients on all forms of investments including investment in shares and a range of other products that they offer to their clients.
By law, not just anyone can call himself or herself a stockbroker. There are very strict and prudent requirements set down by the Port Moresby Stock Exchange that individuals and companies meet in order to be granted permission to operate as a stockbroker.
The areas of responsibility, a stockbroker deals with are wide and varied in nature. The primary function of a stockbroker is to advice clients on investments and ensuring that sales and purchases of share transactions are effected between buyers and sellers
A Papua New Guinean stockbroker is subject to the supervision of the Port Moresby Stock Exchange. Shares listed on POMSoX can only be bought or sold through a registered Participating stockbroker member.
In Papua New Guinea, there are only two registered stockbroker and members of POMSoX. Full contact details are highlighted below.
BSP Capital Limited
P.O. Box 2017
Kina Securities Limited
To secure full details regarding services, contact persons and others services provided by each broker, please visit their respective websites for more information.