English to Chinese Bus/Financial Investment / Securities

The change in job description is more than mere terminology. It's also part of a long-term trend that began back in 1975, when fixed commissions on selling stocks were eliminated (eventually leading to today's rock-bottom stock-trading fees), says Frank Fernandez, research director at the Securities Industry Assn. (SIA). The trend picked up speed in the 1990s, when financial-services firms started consolidating in their quests to have brokers cross-sell customers a broader range of products.
SCANDAL'S LEGACY. Just the same, think back to the bull market of five years ago, when still plenty of stock jockeys were still working the phones, hyped research reports in hand. What has changed in just the past few years -- thanks to the tech wreck and three-year bear market that followed, is that a lot of those salespeople are now wearing different hats or have changed careers.