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	Strictly speaking, an investment firm which handles client orders for transactions in securities as an {{tag\|agent}}. To be contrasted with a [[dealer]], who trades in the market as a {{tag\|principal}} in its own right.		{{anat\|brokerage}}Strictly speaking, an investment firm which handles client orders for transactions in securities as an {{tag\|agent}}. To be contrasted with a [[dealer]], who trades in the market as a {{tag\|principal}} in its own right.

	More commonly referred to as a [[broker-dealer]], seeing as most firms act as both.		More commonly referred to as a [[broker-dealer]], seeing as most firms act as both.