BROKERS, SPECIALISTS, AND MARKET MAKERS

You should be familiar with the different players in the investment arena and how they buy and sell securities. Brokers, specialists, market makers, and the others covered here have specific roles in smoothing the way for commerce in securities.

Broker-Dealers Using Brokers What Broker-Dealers Are Not Allowed to Do Other Broker Services Registered Representatives Market Makers Specialists Investment Personnel Have Many Functions in the Market

We will begin with brokers, dealers, and broker-dealers.