The Role of Broker-Dealers
Learn about the role broker-dealers play in facilitating securities transactions between buyers and sellers.
Transcript
In this lesson, we’ll learn about the role broker-dealers play in facilitating securities transactions between buyers and sellers.
I. Broker-Dealers
Broker-dealers are in the business of effecting securities transactions. They may do so, for example, in connection with registered public offerings, exempt offerings, or secondary-market transactions.
The terms broker and dealer have distinct definitions under the Exchange Act, but institutions typically fill both roles and so common practice...
