Post by cxgllc on Jan 28, 2019 6:42:18 GMT -5
A broker-dealer is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. A brokerage acts as a broker (or agent) when it executes orders on behalf of clients, whereas it acts as a dealer, or principal, when it trades for its own account.
The broker-dealer does not have any of his, her, or its money at risk and is simply attempting to match up a buyer and seller with other broker-dealers or through some other means the same way a real estate broker might help a client buy or sell a home.
Outsourced Finop| How to start a Broker Dealer
The broker-dealer does not have any of his, her, or its money at risk and is simply attempting to match up a buyer and seller with other broker-dealers or through some other means the same way a real estate broker might help a client buy or sell a home.
Outsourced Finop| How to start a Broker Dealer