Davis Polk partner Zach Zweihorn co-authored “What is a broker-dealer?” in the second edition of Broker-Dealer Regulation, along with FINRA’s Robert Colby and retired partner Lanny Schwartz. In the chapter, the authors discuss Exchange Act registration and compliance requirements; the definitions of “broker,” “dealer,” and “security;” the difference between traders and dealers; and the consequences of doing business as an unregistered broker-dealer. 

Read an excerpt of the chapter 

Copy link to share post