# Broker-Dealer

**IRI:** https://folio.openlegalstandard.org/RDbDt5n4osubVafgim4zlMK

## Labels

**Preferred Label:** Market Maker

**Alternative Labels:**

- Securities Broker
- Securities Firm
- Trading Firm

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/R9Q9CszYRTjTgwQ8JRqVZ0x

## See Also

- https://folio.openlegalstandard.org/RBVQj7fYsBw67yNXs4WI6RX

**Deprecated:** False