you wouldn't go to a pure investment bank either and say I want to buy a hundred shares of Ford Motor Company, ? where is your stockbroker?

你不能去一个真正的投行然后说,我想买几百股福特汽车的股票，你的证券公司在哪里？

耶鲁公开课 - 金融市场课程节选

They help prevent fraud, misrepresentation, manipulation of information in stocks and bonds.

它帮助人们防止诈骗，虚报和巧妙利用证券股票市场中，信息不对称而牟利等事情的发生。

耶鲁公开课 - 金融市场课程节选

That means they arrange for the issuance by other institutions of securities.

这意味着他们帮助,其他的证券公司募集证券或者股票。

耶鲁公开课 - 金融市场课程节选

The only way that somebody can overweight Ford Motor Company in the market is to have somebody have a counter position where they underweight Ford Motor Company; only one of those is going to be right.

要增持福特公司股票,唯一途径就是找一个,想要减持福特股票的人,两方中只有一方能做出正确的证券选择

耶鲁公开课 - 金融市场课程节选

This number, CUSIP number, is a number that identifies any security.

USIP代码是所有美国股票及注册债券的编号由美国统一证券辨认委员会管理,用于区别每一项证券

耶鲁公开课 - 金融市场课程节选

In other words, if you had an account at a brokerage and you thought you had a hundred shares of IBM and now the broker is going bankrupt -the broker won't answer your email anymore and he's just gone you go to SIPC and say, I had these hundred shares.

换句话说,如果你在一家经纪公司,设有账户,其中有IBM的100股股份,现在经纪行破产了,经纪行不再回复你的邮件,消失了,你告诉证券投资者保护公司,我有100股IBM的股票

耶鲁公开课 - 金融市场课程节选