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Gun shops or gun dealers are sometimes referred to as an FFL, FFL dealer, or a FFL holder because they have Federal Firearms License and thus are a legal business in which to sell firearms, for example rifles, shotguns, and handguns.
Broker-dealer. A broker-dealer (B/D) is a license granted by the Securities and Exchange Commission (SEC) that entitles the licensee to buy and sell securities for its clients' accounts. The firm may also act as principal, or dealer, trading securities for its own inventory.roker-dealer. A firm that functions both as a broker by bringing buyers and sellers together and as a dealer by taking positions of its own in selected securities. Many firms that are commonly called brokers or brokerage firms are actually broker-dealers.