What Is a Broker-Dealer, and What Do They Do? - SmartAsset
https://smartasset.com/financial-advisor/broker-dealer
WEBAug 17, 2023 · A broker-dealer buys securities, such as bonds and stocks. They then sell the securities to another investor at a price higher than the buying price. The difference between the two prices is known as the dealer’s spread, and it represents the profit that the broker-dealer makes on the transactions.
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