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broker-dealer

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Broker-Dealer
A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction.

Notes:
Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal and trades for his or her own account. Because most brokerages act as both brokers and principals, the term broker-dealer is commonly used to describe them.

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 firm that functions both as a broker by bringing buyers and sellers together and as a dealer by taking positions of its own in selected securities. Many firms that are commonly called brokers or brokerage firms are actually broker-dealers.
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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.
NASD accepts Sonnenblick Goldman securities division by Real Estate Weekly
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.
FINAL RULE ON SECTION 23A OF THE FEDERAL RESERVE ACT REGARDING BANK ... by Federal Reserve Bulletin
Acquisition Positions Leading Independent Broker-Dealer for Continued Growth and Provides Increased Support for Independent Financial Representatives
Woodbury Financial Services Acquires Diversified Financial Concepts by Business Wire
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