A securities professional who engages in the business of buying and selling securities for their own account is a(n):

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A dealer is a securities professional who buys and sells securities for their own account, while a broker buys and sells securities on behalf of their clients. Investment advisers provide advice on securities to clients and do not engage in buying or selling for their own account. A scalper is a type of dealer who profits from making frequent trades on small price changes, and a churner is a term used to describe an investment adviser who excessively trades in a client's account for the purpose of generating commissions.

A Securities Professional Who Engages in the Business of Buying