Broker-Dealer

A broker-dealer is a company or individual that buys and sells securities, like stocks and bonds, on behalf of clients or for their own account. They facilitate transactions in financial markets, ensuring customers can buy or sell investments smoothly. Broker-dealers are regulated by authorities such as the SEC to protect investors and maintain fair markets. Essentially, they act as intermediaries, connecting buyers and sellers, and may also provide investment advice or manage assets for clients. Their role is vital for the functioning and liquidity of financial markets.