Broker-Dealer
/ˈbroʊkɚˌdiːlər/
Definitions
- (n.) A person or firm engaged in the business of buying and selling securities on behalf of clients and for their own account, regulated under securities laws.
The broker-dealer facilitated the purchase of shares for the client.
Forms
- broker-dealer
- broker-dealers
Related terms
See also
Commentary
Broker-dealers are subject to comprehensive regulation due to their dual role as agents and principals in securities transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.