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PennyHoper

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PennyHoper

Re: 71chris71 post# 19617

Thursday, 12/07/2023 3:30:11 PM

Thursday, December 07, 2023 3:30:11 PM

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"Vendor" is a very generic term. A person who 'vends' stocks is a broker-dealer or market maker.

See:
https://www.femaleinvest.com/investment-dictionary/market-maker

for the comparison of "vendor" with "market maker".

I think Schwab was purposely being vague about identifying the "vendor". But the point is that the "vendor" can obviously buy your shares in your Schwab account.. That's what market makers do.
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