Broker-Dealers, Finders, M&A, and Financings: Frequently Asked Questions
By Charles Alovisetti, Jack Crain
Oct 9, 2025
Raising capital or selling a business often involves intermediaries like broker-dealers and finders, but not all might be properly registered. This FAQ breaks down the legal distinctions, SEC and FINRA rules, M&A broker exemptions, and the risks of working with unlicensed intermediaries.