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Broker dealer

• A person or firm in the business of buying and selling securities. Also known as an Agent when buying securities and a Principal when selling them; one person may act as either, but not in the same transaction. Broker-dealers normally must register with the SEC, the appropriate SROs and any state in which they do business. See also: Broker.

 
 Embedded terms in definition
 Agent
Broker
Firm
Principal
Securities
Sec
Sros
 
 Related Terms
 

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Always do right; this will gratify some people and astonish the rest. - Mark Twain (1835-1910)

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