Post by cxgllc on May 2, 2019 11:15:20 GMT
In case you couldn’t tell from their name, broker-dealers perform the services of both brokers and dealers:
1.Brokers are organizations that conduct securities transactions on the part of their clients — buying, selling, or trading for the investment portfolio of their clients.
2.Dealers are organizations that buy or sell securities of their own portfolio and then deal those securities to customers who are looking to buy them.
3.Broker-dealers are organizations that do a combination of both of these services. They perform pretty much all the middle-man functions of providing securities services to corporations and individuals alike, and they’ve all but eliminated the need for organizations that specialize in either broker or dealer services.
A special type of broker, called a discount broker, performs similar functions as broker-dealers, except that they only perform the transactions, while broker-dealers often provide assistance by offering advice, analysis, and other services that can help their customers make investment decisions. Discount brokers don’t perform these additional services.
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1.Brokers are organizations that conduct securities transactions on the part of their clients — buying, selling, or trading for the investment portfolio of their clients.
2.Dealers are organizations that buy or sell securities of their own portfolio and then deal those securities to customers who are looking to buy them.
3.Broker-dealers are organizations that do a combination of both of these services. They perform pretty much all the middle-man functions of providing securities services to corporations and individuals alike, and they’ve all but eliminated the need for organizations that specialize in either broker or dealer services.
A special type of broker, called a discount broker, performs similar functions as broker-dealers, except that they only perform the transactions, while broker-dealers often provide assistance by offering advice, analysis, and other services that can help their customers make investment decisions. Discount brokers don’t perform these additional services.
BD Compliance | Outsource FINOP