The role of a broker-dealer is to assist in the issue of new securities where as an underwriter's role is to assist in the trading of existing securities.

Name: The role of a broker-dealer is to assist in the issue of new securities where as an underwriter's role is to assist in the trading of existing securities.
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The roles are actually reversed. Broker-dealers assist in the trading of existing securities, while underwriters assist in the issue of new securities.

The Role of a Broker-Dealer Is to Assist in the Issue