{"iri":"https://folio.openlegalstandard.org/RDbDt5n4osubVafgim4zlMK","label":"Broker-Dealer","sub_class_of":["https://folio.openlegalstandard.org/R9Q9CszYRTjTgwQ8JRqVZ0x"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RBVQj7fYsBw67yNXs4WI6RX"],"comment":null,"deprecated":false,"preferred_label":"Market Maker","alternative_labels":["Securities Broker","Securities Firm","Trading Firm"],"translations":{},"hidden_label":null,"definition":"A Broker-Dealer is a financial firm or individual that buys and sells securities on behalf of clients (acting as a broker) or for its own account (acting as a dealer). Broker-dealers are essential in facilitating securities transactions, providing market liquidity, and offering investment advice and services to individual and institutional investors.","examples":["Goldman Sachs & Co. LLC: An investment bank with broker-dealer operations facilitating securities trading and market making.","Morgan Stanley & Co. LLC: A global financial services firm offering broker-dealer services among other financial solutions."],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}