Home › Glossary › Broker-dealer

πŸ‡ΊπŸ‡Έ US · Secondaries & liquidity

Broker-dealer

Also called: broker dealer, registered broker-dealer

In one line

A regulated firm licensed to arrange or execute securities transactions, including many private secondary sales.

In plain English

Buying and selling securities for others is a regulated activity. Legitimate secondary platforms and intermediaries operate as, or through, registered broker-dealers to handle your sale lawfully.

If you were explaining it to a 5-year-old

A grown-up with an official licence who's allowed to help kids buy and sell these special toys properly.

Why it matters when you sell

Dealing through a registered broker-dealer helps ensure your secondary is handled legally and safely β€” worth checking for.

Related terms

Put it to use

Compare secondary platforms

Hold private-company shares? Our free estimator shows what your stake could be worth and whether you can sell β€” no sign-up. Value my equity (free) → · Back to the glossary →
When you're ready to go deeper, there's an optional Equity Toolkit and Report.

Sources

Primary references for this term: US SEC / Investor.gov. Our definitions are written in plain English and kept evergreen β€” see the glossary methodology. General information, not advice.

Educational information only β€” not financial, tax or legal advice, and not an offer to buy or sell any security. Definitions are general; your own documents and local law govern your situation. PrivateTechShares is independent and not a broker or marketplace.