Legal encyclopedia. Letter D

DEALER

- a legal or natural person who participates in transactions for sale and purchase, a professional participant in the securities market.

D. always acts on his own behalf and at his own expense, he can enter into transactions between himself, with brokers and directly with clients. D. receive income due to the difference in the prices of purchase and sale. This they affect the exchange and over-the-counter markets. D. carry most of the risk from ongoing operations.

When making transactions for the purchase and sale of securities, D. declares:

1) the price of purchase (sale) of a security;

2) the minimum and maximum number of securities to be bought (sold);

3) the validity period of the announced prices.

D. is obliged to conclude an agreement with the client. If the contract is not connected to it, an action may be brought against it for compulsory conclusion of the contract or for compensation of the losses incurred by the client.

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