Privilege Dealer

  

Categories: Marketing

A “privilege dealer” is the same thing as an options dealer. That’s it. Nothing fancy. Nothing to do with special privileges or exclusive back-room deals or anything like that.

Basically, in order to be a real-deal privilege dealer, a broker or brokerage firm has to be registered as such. They deal with options, futures, and listed equity options contracts, and they have to comply with some pretty stiff SEC rules and regs.

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Finance a la shmoop.. what is a broker-dealer? It's one of [Homeless guys holding help signs]

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these guys who's making less than minimum wage right no that'd be a broke

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dealer and you won't find too many of them in Lake Tahoe but yeah a broker is [Man talking about broker-dealers in Lake Tahoe]

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just someone who takes a commission for selling stuff they live wherever there

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are transactions in cars, boats, planes, homes and securities like stocks and

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bonds so yeah it's a broker - dealer sort of like a writer-director

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sexual deviant in Hollywood... Key takeaway here the broker dealer brokers

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securities ie they take a commission and they deal in securities like they carry [People playing blackjack]

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their own inventory of ten million shares of Amazon this week's selling

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them for twelve hundred ninety dollars and 32 cents a share and buying them for

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twelve hundred eighty eight dollars seventy nine cents a share making a

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spread of...

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equals a dollar fifty-three a share the dealer makes a spread of a buck fifty [Dealer and market transferring cash and stock]

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three every time she trades a share of the Walmart killing behemoth yeah it's

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that's the way to go if you're going to Wall Street make money no matter what [Man walking on Wall Street]

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