Broker Dealers

Technically…a broker/dealer is a company that buys and sells investment products on behalf of investors. Generally investors don’t contact the broker/dealer directly. The broker/dealer receives instructions from the financial advisors/registered representatives who are affiliated. The broker/dealer functions as the unseen back office that processes client transactions for Financial Services Professionals.

Broker Dealers...Who Are They?
Technically…a broker/dealer is a company that buys and sells investment products on behalf of investors. Generally investors don’t contact the broker/dealer directly. The broker/dealer receives instructions from the financial advisors/registered representatives who are affiliated. The broker/dealer functions as the unseen back office that processes client transactions for Financial Services Professionals.

Industry Regulatory Authority (FINRA) is the largest non-governmental regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 5,000 brokerage firms, about 173,000 branch offices and more than 676,000 registered securities representatives. There are 4,594 small firms, or 91.8% of the self-regulatory organization's total broker-dealer membership. Small broker-dealers make up the overwhelming number of firms that are members of FINRA.