A London Stock Exchange member firm which provides advice and dealing services to the public and which can deal on its own account.
Any individual or firm, other than a bank, which is in the business of buying and selling securities for itself and others. Called an agent or broker when buying securities and a principal or dealer when selling them. Broker/dealers must register with the SEC as well as with the states in which they conduct business.
A brokerage firm that buys securities for its inventory from individuals, investors and other brokerage firms, and sells securities to individuals, investors and other brokerage firms. The firm and all its personnel must be licensed and registered with the SEC or NASD and report it’s status to the appropriate regulatory agency on an ongoing basis.
An investment professional licensed by the National Association of Securities Dealers to act as the liaison between buyers and sellers of securities.
A firm that buys and sells mutual fund shares and other securities from and to investors.
NASD member firms that act as securities dealers or brokers, or perform both functions.
A firm that buys and sells mutual fund shares and other securities to the public.
An individual or firm that acts as principal in a securities transaction.
A firm which buys and sells securities, including mutual funds. The broker/dealer's clients range from small individual investors to large institutional investors.
A general term for a securities firm which is engaged in both buying and selling securities on behalf of customers and also buying and selling on behalf of its own account. The term would not be used to refer to a dealer bank or a municipal securities broker's broker.
An individual or firm that is in the business of buying and selling securities. Broker/dealers are registered with the Securities and Exchange Commission (SEC).
Any member firm of the Stock Exchange except the specialists which are GEMMs and IDBs.
In the broadest sense, an agent who facilitates trades between a buyer and a seller and receives a commission for his services. Dealers buy and sell for their own account and keep their own inventory of securities on which they can profit or incur losses. Most stock brokerage firms really act as brokers and dealers. Brokers are also classed as Full Service or Discount, the former using a commission-based sales force and the latter using salaried brokers only.
A securities firm registered with the NASD that buys and sells securities for its own account as a dealer or acts as an agent or intermediary (broker) in the sale of a security, collecting a commission in the process. Firms acting exclusively as dealers are also known as wholesale firms. Brokerage firms that sell securities to the general public are known as retail firms.
A broker/dealer engages in buying and selling securities both for its own account and for the accounts of others.
Any individual or firm, other than a bank, which i... Add a comment
A firm that buys and sells mutual fund shares and other securities to and from other investors.
Broker/dealers have a dual financial role. As brokers, they act on buy and sell orders from clients. As dealers, they buy and sell securities for their brokerage firm's account. The securities a firm owns may be sold to the firm's clients, sometimes at a more favorable price than if those securities had to be purchased in the open market. They may also be sold to other firms wanting to fulfill a client's buy order. Or the securities a dealer buys may become part of the firm's own investment portfolio.
