<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RDbDt5n4osubVafgim4zlMK">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R9Q9CszYRTjTgwQ8JRqVZ0x"/>
  <rdfs:label>Broker-Dealer</rdfs:label>
  <skos:altLabel>Securities Broker</skos:altLabel>
  <skos:altLabel>Securities Firm</skos:altLabel>
  <skos:altLabel>Trading Firm</skos:altLabel>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/RBVQj7fYsBw67yNXs4WI6RX"/>
  <skos:prefLabel>Market Maker</skos:prefLabel>
  <skos: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.</skos:definition>
  <skos:example>Goldman Sachs &amp; Co. LLC: An investment bank with broker-dealer operations facilitating securities trading and market making.</skos:example>
  <skos:example>Morgan Stanley &amp; Co. LLC: A global financial services firm offering broker-dealer services among other financial solutions.</skos:example>
</owl:Class>