Series 53: 2.1.1. Brokers And Dealers

Taken from our Series 53 Online Guide

2.1.1. Brokers and Dealers

A broker is any person engaged in the business of effecting securities transactions for the accounts of others. A dealer is any person engaged in the business of buying and selling securities for its own account (not including security-based swaps).

In this context, the term “person” includes a n

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