Broker-dealer

(redirected from broker-dealers)
Also found in: Dictionary, Thesaurus.
Related to broker-dealers: securities dealer

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 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.

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.

References in periodicals archive ?
The current regulatory environment leaves financial and securities market participants vulnerable to a wide range of complicated broker-dealer investigations, enforcement actions and regulatory compliance issues," said Paul Ficca, Global Leader of the Forensic & Litigation Consulting segment at FTI Consulting.
In this role, he focused on matters involving the broker-dealer businesses, including institutional trading, investment banking, research and retail organizations.
The annual Broker-Dealer of the Year award is based on voting in 15 different categories.
Investment Advisor, a publication of Summit Business Media, offers information and analysis on wealth management, retirement planning, investment strategies, practice management, compliance and regulatory issues, and insurance and tax planning, all designed to help registered investment advisors and independent broker-dealer representatives become more successful.
The broker-dealer provisions under NYTL section 210.3(a)(9) permitted a registered securities or commodities broker or dealer to use unique customer-based sourcing rules for allocating specific categories of receipts, including brokerage commissions, margin interest, certain underwriting revenues, interest on certain loans to affiliated entities, account maintenance fees, and fees for management and advisory services.
For the broker-dealer provisions to be applicable, the statute requires the taxpayer to be a registered securities or commodities broker-dealer, as defined to mean a broker or dealer registered as such by the Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC).
* broker-dealers to continue to receive bundled commissions.
advisors and broker-dealers, who will not have to change business practices as a result of MiFID II, the bigger question is how long European regulators will allow U.S.
According to Cerulli, small broker-dealers face the greatest financial risk under the Labor Department fiduciary rule.
Firms that get votes from at least 10% of their producing reps are in the running for Broker-Dealer of the Year.
The Cerulli report warns that life insurance broker-dealers face the greatest fiduciary risk among all BDs because of their higher use of commission-based compensation and proprietary products.
even shocking, in the federal regulation of broker-dealers. The history