Dashboard
Review Topics
Drills
Practice Exams
Flashcards
Vocabulary
Buffalo roam at night and at dusk, but we aren't the ones who have to wake up for an 8 a.m. test.

Broker-Dealers and Investment Advisors

Broker-Dealers and Investment Advisors

In the wide world of finance, broker-dealers (BDs) and investment advisors (IAs) are considered "persons" in the legal sense—but don't confuse them with "natural persons." Legally speaking, "person" can often refer to a broker-dealer or investment advisor firm, which are in turn made up of "natural persons" (individuals) who are the agents or investment advisor representatives.In the wide world of finance, broker-dealers (BDs) and investment advisers (IAs) are considered ‘persons’ in the lega...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$24.68
Next: Agent Broker-Dealers and Representative Investment Advisors  
  Prev: Corporations and Individuals