Broker-dealers are financial intermediaries, both individuals and firms, that facilitate the buying and selling of securities in financial markets. They act as intermediaries between buyers and sellers, executing trades on behalf of their clients or for their own accounts. These entities are critical to the functioning of financial markets, as they provide liquidity, transparency, and efficient execution of securities transactions.

Achieving FedRAMP compliance is crucial for cloud service providers, ensuring they meet standardized security and risk assessment criteria, fostering transparency, and enabling collaboration with federal agencies.

HIPAA (Health Insurance Portability and Accountability Act) and FERPA (Family Educational Rights and Privacy Act) play pivotal roles in safeguarding sensitive information in the healthcare and education sectors, respectively.