A broker-dealer is a firm that buys and sells securities for both the firm (dealer) and others (agent) and is registered with the SEC. An agent works on commission for his clients, and a dealer works as principal. Broker-dealers do both at different times.
Posts Tagged ‘dealer’
A Broker-Dealer is…
Friday, October 16th, 2009A Dealer is…
Wednesday, August 5th, 2009A dealer is a person or entity that buys and sells goods and keeps an inventory. In an investment capacity, a dealer buys and sells securities on his own behalf, rather than as a representative for someone else.