do stockbrokers have access to insider information 
no stockbrokers are prohibited from using insider information for trading as it is illegal and considered securities fraud they rely on publicly available information and research keep in mind that stockbrokers may have access to insider information but are precluded from profiting from the information the bottom linestock brokers are the intermediaries that conduct transactions between investors and exchanges they are required to be licensed by the financial industry regulatory authority and usually have a college degree in finance or business administration they also act as advisors and become securities experts so they can offer personalized investment strategies to clients 