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broker-dealer
(redirected from broker-dealers)

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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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The SEC has published a draft contract proposal in preparation for a study comparing how the different regulatory systems that apply to broker-dealers and investment advisers affect investors.
SEC describes investment professional regulation study by California CPA
The AICPA Personal Financial Planning (PFP) Executive Committee has been tracking the SEC's activities relating to its final rule, "Certain Broker-Dealers Deemed Not to Be Financial Advisers" (www.
The AICPA Personal Financial Planning (PFP) Executive Committee has ... by Journal of Accountancy
has improved its specialized errors and omissions program for broker-dealers with 75 or fewer representatives.
Enhanced cover for brokers by Panko, Ron / Best's Review
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