Broker/Dealer

A broker/dealer refers to a person or firm in the financial services sector who is licensed to engage in the buying and selling of securities on behalf of themselves and their clients. The term "broker" denotes the aspect of the business that handles orders for clients, acting as an intermediary between the buyer and the seller.

Brokers are paid through commissions for each transaction they facilitate. They serve as agents, executing trades for clients, and are regulated under the Financial Industry Regulatory Authority (FINRA) in the United States, which ensures they adhere to fair practice rules and ethical guidelines.