What is a broker-dealer?

What is a broker-dealer? In this video, we continue exploring the marketplace stack as we move towards trading.

Referenced links:
https://www.nyse.com/markets/nyse/mem...
https://www.sec.gov/reportspubs/inves...
http://www.finra.org/investors/brokers
https://www.coinbase.com/legal/user_a...

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