| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,727,475,576 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Broker-Dealer |
Also found in: Dictionary/thesaurus, Wikipedia | 0.01 sec. |
|
Broker-dealer Any person, other than a bank, engaged in the business of buying or selling securities on its own behalf or for others. See: Dealer.
Broker-Dealer A person or, more often, a firm that acts as a broker for some transactions and a dealer for others. That is, as a broker, he/she conducts transactions on behalf of clients, and, as a dealer, he/she trades on his/her own account. In practice, most brokerages are in fact broker-dealer firms. Most broker-dealers must register with the SEC. Broker-dealer. A broker-dealer (B/D) is a license granted by the Securities and Exchange Commission (SEC) that entitles the licensee to buy and sell securities for its clients' accounts. The firm may also act as principal, or dealer, trading securities for its own inventory. Some broker-dealers act in both capacities, depending on the circumstances of the trade or the type of security being traded. For example, your order to purchase a particular security might be filled from the firm's inventory. That's perfectly legal, though you must be notified that it has occurred. B/Ds range in size from independent one-person offices to large brokerage firms. Broker-Dealer What Does Broker-Dealer Mean? A person or firm that is in the business of buying and selling securities and operating as both a broker and a dealer, depending on the transaction. Investopedia explains Broker-Dealer Technically, a broker is only an agent to a transaction who executes orders on behalf of clients, whereas a dealer acts as a principal and trades (buys and sells) for his or her own account. Because most brokerages act as both brokers and principals, the term broker-dealer is used commonly to describe them. Related Terms: How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
I'm excited to be involved in building this new business," commented MacDonnell, who is registered with the broker-dealer as a General Securities Principal. The rule's first exemption and interpretation applies to loans made by an insured depository institution to an unaffiliated borrower that uses the proceeds of the loan to purchase certain third-party securities through a registered broker-dealer affiliate of the institution acting exclusively as a broker or risk-less principal in the transaction. Acquisition Positions Leading Independent Broker-Dealer for Continued Growth and Provides Increased Support for Independent Financial Representatives |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|