broker-dealer


Also found in: Thesaurus, Financial, Wikipedia.
Related to broker-dealer: brokerage, Series 7

broker-dealer

n
(Stock Exchange) another name for stockbroker
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.broker-dealer - a financial specialist who trades for his own account and so acts both as a broker and principalbroker-dealer - a financial specialist who trades for his own account and so acts both as a broker and principal
dealer, principal - the major party to a financial transaction at a stock exchange; buys and sells for his own account
Mentioned in ?
References in periodicals archive ?
Prospera) was named as Investment Advisor magazine's 2015 Broker-Dealer of the Year in Division I, representing firms with up to 199 producing advisors.
The improvements now provide each broker-dealer with its own policy limits without sharing a master policy aggregate with other broker-dealers in the program.
Other features include duty to defend civil proceedings, supervisory coverage for the broker-dealer that extends to terminated, retired and disabled registered representatives, and coverage for libel, slander and defamation.
Specifically, three steps are key to the success of a firm that offers individual bond portfolios: establishing cost-effective quality broker-dealer relationships; assuming additional managerial overhead including staffing adjustments and reporting procedures; and supporting staff education and training.
Cetera's Four Broker-Dealer Firms Have Adopted New Names Which Define Each One's Unique Brand of Independence
The report, Why Teams Are the Client of the Future for Broker-Dealers, points out that changes in the advisor-client of the modern broker-dealer present different challenges and opportunities that broker-dealers must navigate.
The joint report would have been even more useful if it provided quantification on the incidence of the broker-dealer deficiencies," Keating added.
Some work only with CPAs who have already registered as investment advisers (R/As), while others don't have this requirement or will help practitioners become R/As so they can offer financial planning for a fee or become registered representatives of the broker-dealer.
In 1991, the Board testified in support of a Treasury Department legislative proposal that would have repealed the Glass-Steagall Act restrictions on the securities activities of banking organizations and, as an integral part of that reform modified the blanket execptions for banks from broker-dealer regulation.
Established in January 2004, FSI has 116 independent Broker-Dealer members and approximately 12,500 independent financial advisor members.
The study, "Broker-Dealer of the Future II: Six Stunning Transformations That Are Creating the Broker-Dealer of the Future," consists of six guidebooks that focus on the transformations broker-dealers are employing.
Based on an informal survey of our Reserve Banks, we understand that about 85 percent of those state member banks that sell mutual funds do so through a registered broker-dealer selling on bank premises.