California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
A broker-dealer is a business that is regulated and licensed under Securities and Exchange Commission rules to buy and sell securities for its own accounts and for customers. If you have a stock brokerage account, the company where you have the account is -- in securities terms -- a broker-dealer.Any individual who wants to work as a stock broker or investment adviser must be employed by or registered with a broker-dealer. The B-D firm handles the trades an adviser places for his customers.f you have a stock brokerage account, the company where you have the account is -- in securities terms -- a broker-dealer. Any individual who wants to work as a stock broker or investment adviser must be employed by or registered with a broker-dealer. The B-D firm handles the trades an adviser places for his customers.