Following tasks performed by departments, commissions, or govt corporations are represent by: 1) Writing or enforcing rule 2) Issuing fines 3) Testifying before Congress 4) Issue networks or “iron triangle”.
What Is a Commissions?
A commission is a fee a broker and investment adviser charges for managing a client's purchases and sells of investments or for offering financial advice. At least in the context of professional advisers in the financial services sector, there are significant distinctions between commissions and fees. Selling investment products like mutual funds or annuity as well as engaging in financial transactions with customers' funds is how a commission-based adviser or broker makes their money.
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