0 a person or a financial company that acts both as a broker, making investments for customers, and as a dealer making investments for themselves:
We are one of the country's leading broker-dealers, supporting independent investment advisors nationwide.
All securities in mirroring accounts are purchased in the clients name and held in custody at an independent broker-dealer.
Each broker-dealer firm is required to have its own barriers and to enforce them on its own.
In a soft dollar arrangement, the investment manager directs commissions generated by a client's or fund's transactions to a broker-dealer or other trading venue.
For a variety of reasons, block trades can be more difficult than other trades and often expose the broker-dealer to more risk.
The broker-dealer sells the issuing company's shares in the open market and receives cash proceeds from the transaction.
The broker-dealer then delivers the proceeds to the issuing company where the cash can be used for a variety of reasons.
This is in contrast to securities that are purchased by a broker-dealer or other financial intermediary for resale or short term speculation.
The broker-dealer community quickly institutionalized, as a standard practice, the conducting of due diligence investigations of any stock offerings in which they involved themselves.
