introducing broker

Definition

A person or organization which is able to perform all the functions of a broker except for the ability to accept money, securities, or property from a customer.

Use introducing broker in a sentence

You may want to try and get involved with an introducing broker that will let you know when a good deal is to be had.

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I tried to transfer the assets through the guy, but then I found out he was only an introducing broker and could not accept them from me.

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The introducing broker decided that the stock price of Etsy was too high and he encouraged his client to wait until the priced had evened out a little.

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National Introducing Brokers Association (NIBA) independent introducing broker