Broker-dealer -

: The firm acts as an intermediary, executing trade orders for clients and charging a commission or fee for the service.

The hyphenated name reflects the two distinct capacities in which these firms operate: broker-dealer

Beyond simple trade execution, modern broker-dealers perform several critical roles: : The firm acts as an intermediary, executing

Because they handle vast amounts of public money, broker-dealers are heavily regulated to ensure market integrity and investor protection: Broker-Dealer (B-D) Explained: Roles, Types & Functions broker-dealer

: They are responsible for the safekeeping of client funds and securities. Regulation and Oversight