Search results “What is broker dealer”
What is a broker-dealer?
What is a broker-dealer? In this video, we continue exploring the marketplace stack as we move towards trading. Referenced links: https://www.nyse.com/markets/nyse/membership https://www.sec.gov/reportspubs/investor-publications/divisionsmarketregbdguidehtm.html#II http://www.finra.org/investors/brokers https://www.coinbase.com/legal/user_agreement Follow deeplizard: YouTube: https://www.youtube.com/deeplizard Twitter: https://twitter.com/deeplizard Facebook: https://www.facebook.com/Deeplizard-145413762948316 Steemit: https://steemit.com/@deeplizard Instagram: https://www.instagram.com/deeplizard/ Support deeplizard on Patreon: https://www.patreon.com/deeplizard Support deeplizard with crypto: Bitcoin: 1AFgm3fLTiG5pNPgnfkKdsktgxLCMYpxCN Litecoin: LTZ2AUGpDmFm85y89PFFvVR5QmfX6Rfzg3 Ether: 0x9105cd0ecbc921ad19f6d5f9dd249735da8269ef Recommended books on AI: The Most Human Human: What Artificial Intelligence Teaches Us About Being Alive: http://amzn.to/2GtjKqu Recommended books on trading: --Beginner-- Real Money: http://amzn.to/2pDaf15 --Intermediate-- The Daily Trading Coach: http://amzn.to/2pA7Uni --Advanced-- The Black Swan: http://amzn.to/2GjusT4 Antifragile: http://amzn.to/2IKOvbn Skin in the Game: http://amzn.to/2pwbTBo Coinbase sign up (You get $10 in BTC & we get $10 in BTC): https://www.coinbase.com/join/5934c12567d6760847b9a8dd GDAX playlist: https://www.youtube.com/playlist?list=PLZbbT5o_s2xr17PqeytCKiCD-TJj89rII Crypto hardware wallets: Ledger Nano S: http://amzn.to/2FZGP7y Trezor: http://amzn.to/2FZHs0U
Views: 2695 deeplizard
What Does a Brokerage Do?
When investors are interested in buying and selling securities, they may use a brokerage firm to facilitate the transactions. Learn about the different roles of brokers and dealers and their associated fees. Questions or Comments? Have a question or topic you’d like to learn more about? Let us know: Twitter: @ZionsDirectTV Facebook: www.facebook.com/zionsdirect Or leave a comment on one of our videos. Open an Account: Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com Bid in our Auctions: Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com
Views: 87536 Zions TV
Finance: What is a Broker-Dealer?
Broker-dealers take a commission of every trade or transaction paid. Huh. Looks like we got into the wrong business.
Views: 123 Shmoop
Series 7 Exam Session 8 - Broker-Dealers
Session 8 in our Series 7 exam videos. Provides an overview of Broker-Dealer rules covered in the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com
Views: 17428 Passing Score
21. Exchanges, Brokers, Dealers, Clearinghouses
Financial Markets (2011) (ECON 252) As the starting point for this lecture, Professor Shiller contrasts the view of economics as the theory of the allocation of scarce resources with the view of economics as the study of exchange. After a discussion of the difference between brokers and dealers, he outlines the history of securities exchanges from ancient Rome, to the Amsterdam Stock Exchange and Jonathan's Coffee House in London, until the formation of the New York Stock Exchange. He complements this historic account with an overview of securities exchanges all over the world, covering India, China, Brazil, and Mexico. An example of a limit order book allows him to elaborate on the mechanics of trading at the National Association of Securities Dealers Automatic Quotation System (NASDAQ). Subsequently, he turns his attention to the growing importance of program trading and high frequency trading, but also discusses their impact on the stock market crash from October 19, 1987, as well as on the Flash Crash from May 6, 2010. When talking about fairness in financial markets, particularly with regard to the relation between private investors and brokers, he discusses the National Market System (NMS), the Intermarket Trading System (ITS), and consolidated quotation systems. He concludes this lecture with some reflections on the operations of dealers, addressing the role of inside information and the Gambler's Ruin problem. 00:00 - Chapter 1. Exchange as the Key Component of Economic Activity 05:50 - Chapter 2. Brokers vs. Dealers 12:25 - Chapter 3. History of Stock Exchanges around the World 24:28 - Chapter 4. Market Orders, Limit Orders, and Stop Orders 36:15 - Chapter 5. The Growing Importance of Electronic Trading 44:46 - Chapter 6. Instabilities Related to High Frequency Trading 59:14 - Chapter 7. The Frustrations as Trading as a Dealer Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 67912 YaleCourses
What is a Broker?
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Broker” A broker is a person or firm that conducts transactions on behalf of a client. Some brokers only conduct transactions while others also offer different types of investment advisory services. Brokers derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokers handle two main types of brokerage accounts: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. On the other hand, they have much more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule. In practice, most brokerage firms are in fact broker-dealer firms. By Barry Norman, Investors Trading Academy
Travis Jennings Explains the Difference Between a Broker and a Broker Dealer
Travis Jennings, Finance C.A.P.E. http://financecape.com/ In this video, Travis Jennings explains the difference between a Broker and a Broker Dealer. Do you know the difference?
Views: 165 Finance CAPE
Difference Between Broker, Dealer & Agent ? Urdu / Hindi
This Video Give The Basic Concept & Basic Logic of Difference Between Broker, Dealer & Agent ? Urdu / Hindi ZPZ Education Channel Link: www.youtube.com/channel/UCwFzeQDf9cGm_ZeTXV_t5SA
Views: 2068 ZPZ Education
In financial services, a broker-dealer is a natural person, a company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and derivatives trading process. Although many broker-dealers are "independent" firms solely involved in broker-dealer services, many others are business units or subsidiaries of commercial banks, investment banks or investment companies. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 2451 Audiopedia
ICAP - Day In The Life of a Broker
ICAP - Day In The Life of a Broker
Views: 3851 I'm a millionaire
How Electronic Trading Works. The Broker Dealer. Part 2
How Electronic Trading Works. The Broker Dealer. Part 2 One of the simplest ways to understand electronic trading is to imagine that you want to buy some stock -- perhaps a company has made an initial public offering that you're interested in. We can follow the steps of your stock trade through the system and see exactly what happens. Before you can buy, however, you have to open a brokerage account. There are dozens of companies that allow you to do electronic trading, including eTrade, Schwab and TD Ameritrade.
Views: 338 Online Trading
WEBINAR: 3.29.17 - Why Operate as a Broker-Dealer?
Join us for an exploration into: • What is a security? The ’33 Act and beyond. • Are you unwittingly providing a safe harbor to a foreign firm? o Definition of a Broker-Dealer Under Rule 3(a)(4) and 3(a)(5) o In depth look at SEC Rules on chaperoning • What business revenue should be run through a broker-dealer? • New alternative solution to broker-dealer registration – Capital Acquisition Broker (CAB).
6 Types of Brokerage Firms
If you intend to invest, you'll likely come in contact with a brokerage firm at some point. They exist to help investors buy and sell financial products, and there are quite a few different kinds. Our video will teach you the difference between captive and independent brokers, as well as discount service and deep discount brokerage firms. http://www.mybanktracker.com/investing/basics/6-Types-of-Brokerage-Firms/102416
Views: 14938 MyBankTracker
The Three Types Of Broker-Dealers After DoL Fiduciary
An "#OfficeHours with Michael Kitces" Periscope, looking at the three types of Broker-Dealers after DoL Fiduciary. For further details, see https://www.kitces.com/blog/the-three-types-of-broker-dealers-after-dol-fiduciary/
Views: 2207 Michael Kitces
What are interdealer brokers? - MoneyWeek Investment Tutorials
The Libor fixing scandal shone a spotlight on the shadowy world of interdealer brokers. Tim Bennett explains who they are and what they do.
Views: 9107 MoneyWeek
What is a broker dealer?
#HTNBB #HowToNotBeBroke
Views: 229 Bria Clark
What is a Market Maker?
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Market Maker” A broker-dealer who is prepared to buy or sell a specific security — such as a bond or at least one round lot of a stock — at a publicly quoted price, is called a market maker in that security. Other brokers buy or sell specific securities through market makers, who may maintain inventories of those securities. There is often more than one market maker in a particular security, and they bid against each other, helping to keep the marketplace liquid. The Stock Market and the corporate and municipal bond markets are market maker markets. In contrast, on the floor of the New York Stock Exchange there's a single specialist to handle transactions in each security. Market Makers must be compensated for the risk they take; what if he buys your shares in IBM then IBM's stock price begins to fall before a willing buyer has purchased the shares? To prevent this, the market maker maintains a spread on each stock he covers. The market maker may purchase your shares of IBM from you for $100 each the ask price and then offer to sell them to a buyer at $100.05 the bid price. The difference between the ask and bid price is only $.05, but by trading millions of shares a day, he's managed to pocket a significant chunk of change to offset his risk. In contrast to conventional brokers, marker makers assume a high level of risk because of the high number of units they hold their inventory. Market makers are entrusted with promoting market efficiency by keeping markets liquid. To ensure impartiality for the benefit of their clients, brokerage houses who act as market makers are legally required to separate their market making activities from their brokerage sales operations. By Barry Norman, Investors Trading Academy - ITA
Stockbrokers: What to Do When Terminated by a Broker-Dealer
In this video, Joel Beck discusses issues facing stockbrokers and financial advisors who have been terminated/discharged by a broker-dealer. From The Beck Law Firm, LLC, Lawrenceville, GA For more information, please contact The Beck Law Firm, LLC Lawrenceville GA 678-344-5342 www.thebeckfirm.com www.bdlawblog.com This video provided for general informational and educational purposes only, and is not legal advice for your situation.
Views: 890 thebeckfirm
How Does A Broker Dealer Operate?
In some cases, the of broker dealers. Googleusercontent search. Securities regulation parlance to describe stock brokerages, because most of them act as both agents and principals. What is a broker dealer? An in depth guide to what they dowhat dealer and why should you care? Guide registrationbroker definition & example how do dealers work? Quoranet capital requirements for brokers finra. When executing trade orders on behalf of a customer, the institution is said to be acting as broker it required do this because market maker's job facilitate liquidity for that particular security. These individuals may also be called stock brokers or registered representatives. What does a brokerage do? Youtube. When considering a particular firm, always ask to speak with advisors who they believe operate business closest in style your own. Broker dealers who physically operate within the united states must register with sec even if their activities are directed only to foreign investors outside 16 jun 2017 as name itself states, it does both transactions and trades typical of a broker dealer. As registered investment professionals, finra requires us to affiliate with a broker dealer in order buy and sell before you can buy, however, have open brokerage account. Guide to broker dealer registration so, now you own a dealer! davis polk. 12 the broker dealer registration pro cess is coordinated through the central registration depository (crd) system operated by finra. Registered representatives must register with finra, pass a qualifying examination, and be licensed by your state securities regulator before they can do business you transactions accounts of customers or other brokers dealers to another registered broker dealer that carries such on fully disclosed basis, if the receives but does not hold customer. Firms trying to do business is one, i guarantee you, that no law professor in the u. These companies are called broker dealers, and they give you access to the stock exchanges. A brokerage acts as a broker (or agent) when it executes orders on behalf of clients, whereas dealer, or principal, trades for its own account 20 feb 2018 clients. Portals ask do we need to be a broker dealer? Fundamerica. 28 dec 2016 the actual steps involved with starting a broker dealer are far too exhaustive to cover here but the short, summary version sufficient for a layman is as follows. Broker dealer relationship anton lemieux financial groupbroker compliance issues all over the world. To investors, it generally means the person who helps them buy and sell securities 12 dec 2016 these measures could include use of disclaimers clearly indicating that broker dealer's business is exclusively intrastate dealer can only act for or with, provide services to, a in its state, as long does not although many dealers are 'independent' firms solely involved services, others units subsidiaries commercial banks, investment banks companies. Broker dealer regulation mercatus center. 13brok
Views: 58 Tell sparky
What Is Broker Dealer & Do We Still Need Them? [Episode 257]
http://optionalpha.com - ================== Listen to our #1 rated investing podcast on iTunes: http://optionalpha.com/podcast ================== Download your free copy of the "The Ultimate Options Strategy Guide" including the top 18 strategies we use each month to generate consistent income: http://optionalpha.com/ebook ================== Grab your free "7-Step Entry Checklist" PDF download today. Our step-by-step guide of the top things you need to check before making your next option trade: http://optionalpha.com/7steps ================== Have more questions? We've put together more than 114+ Questions and detailed Answers taken from our community over the last 8 years into 1 huge "Answer Vault". Download your copy here: http://optionalpha.com/answers ================== Just getting started or new to options trading? You'll love our free membership with hours of video training and courses. Grab your spot here: http://optionalpha.com/free-membership ================== Register for one of our 5-star reviewed webinars where we take you through actionable trading strategies and real-time examples: http://optionalpha.com/webinars ================== - Kirk & The Option Alpha Team
Views: 131 Option Alpha
Stock Broker Degrees & Careers | How to Become a Stock Broker , Institutes
Get the latest interview tips,Job notifications, top MNC openings, placement papers and many more only at Freshersworld.com( https://www.freshersworld.com?src=Youtube ). Here is a video on “Careers on Stock Broker ” by a softskill trainer “Krupa”. Make a note about all the points and turn your skill to profession. Hope this information helps you in getting your dream job. Freshersworld.com is the No.1 job portal for freshers jobs in India. Check Out website for more Jobs & Careers. http://www.freshersworld.com?src=Youtube Download our app today to manage recruitment when ever and where ever you want : Link :https://play.google.com/store/apps/details?id=com.freshersworld.jobs&hl=en ***Disclaimer: This is just a training video for candidates and recruiters. The name, logo and properties mentioned in the video are proprietary property of the respective organizations. The Preparation tips and tricks are an indicative generalized information. In no way Freshersworld.com, indulges into direct or indirect promotion of the respective Groups or organizations.
Views: 17352 Willie Burke
This is what an international arms deal looks like
Earlier this year we got to take an inside look at how governments and other special interests acquire weapons. There were no secret meetings or backroom shady deals, just a bunch of people in suits and uniforms laughing over champagne. Rockets, missiles, machine guns etc, check out what weapons are used in conflict around the world by the Army and other Military groups. Twitter - http://twitter.com/timcast Facebook - http://facebook.com/timcastnews
Views: 98972 Tim Pool
8a Certification Small Business Broker Dealer Rules
http://www.ez8a.com - This video discusses how the SBA defines brokers and broker rules within the 8a certification. Demonstrations are provided as to how the SBA specifies what is and what isn't considered a broker. This yet another video by ez8a.com to help your business determine where it stands and how to obtain an 8a certification.
Views: 1122 Mark Ryan
Ivy League Financial Advisors - RIA vs. Broker
An Ivy League whiteboard animation comparing the differences between a Registered Investment Advisor and a Broker.
Broker Dealer
http://Cross-Search.com/ For a confidential call, please contact us at 800-247-3272 You're a busy advisor; I'm sure finding a new broker dealer is just about the last thing you want on your plate. With over 4,000 broker dealers to choose from, it can be difficult to find a firm that aligns with you and your practice as there are a multitude of questions that need to be answered, such as- 1) Who is best suited for you and your practice? 2) Which firms align with your core business? 3) What firms are the most competitive with payouts and transition packages? My name is Jodie Papike and I know that the search for a new broker dealer can start to feel like a full time job, but it doesn't need to......that's where we come in. We have spent the last 23 years doing due diligence and research on all the major independent broker dealers and have helped thousands of advisors find their ideal broker dealer. We can take the guess work out of the process, free up your time and energy all while finding you the best broker dealer for your needs. So, if you are interested in your broker dealer options and you want to explore the easy way, give us a confidential call. We look forward to hearing from you.
Views: 15314 Cross Search
Exploring the Independent Broker Dealer Model
The Independent Broker Dealer or IBD model offers a mix of freedom and support for advisors who want flexibility but also to retain some of the “scaffolding” they’re accustomed to. In previous episodes, Mindy talked about “how independent” you might want to be. The reality is that independence isn’t one-size-fits-all. So in choosing whether independence is right for you at all, you need to understand the various models and what each offers in terms of freedom and flexibility. Then you can better align just “how independent” you want to be; that is, just how much support and scaffolding you desire. Do you want to be fully independent or do you like the idea of being supported by a broker-dealer, probably a more familiar model, but have the freedom to manage your own P&L and operations? In this episode, Mindy focuses solely on the Independent Broker Dealer (IBD) model and what makes it so popular among many advisors who have gone independent. In this episode, Mindy will share: * Key differentiators of the IBD model * The benefits and limitations of the IBD model * What differentiates an independent broker dealer from a full service broker dealer * The difference between the IBD model and the Registered Investment Advisor or RIA model * 8 distinctions between the IBD and RIA models * A 9-point checklist to help determine the right broker dealer for you In the next episode, Mindy will define the RIA model and the unique advantages it offers for advisors looking for a greater amount of freedom.   For resources related to this video, visit: https://www.diamond-consultants.com/exploring-the-independent-broker-dealer-model/ For other episodes in the podcast series for advisors considering the independent space, visit: https://www.diamond-consultants.com/podcast-mindy-diamond-independence/
Independent Broker Dealer
http://Cross-Search.com For a confidential call, please contact us at 800-247-3272 Welcome to Cross Search. Sometimes finding your way to a new broker dealer can feel like navigating your way through a maze. With hundreds of broker dealers to choose from, it can be difficult to find a new firm all while continuing to run your business. Our firm's decades of experience have equipped us to guide you through the process and help you find the best broker dealer for YOUR needs in an efficient non-complicated way. Hi, I'm Jodie Papike- Cross Search has successfully helped thousands advisors in their quest for change. In 1989 my father started our business on the premise that advisors needed a source that could add value and efficiency in finding their ideal broker dealer. Since that time we have developed relationships with and learned the ins and outs of all of the major independent broker dealers. We realize that changing broker dealers is a huge step. We know that you are placing your business and your future in our hands and I personally take that trust very seriously. But, believe me, your trust is well-placed. Whether you are an advisor coming from a bank, a wire house, or are already Independent, you have found the resource to help you navigate through this challenging process. If you would like to know more about the process or would like to explore your options, please give us a confidential call. We look forward to hearing from you. San Diego, growing your business with video, homepage video, video production, editing, online video commercials
Views: 12736 Cross Search
How The Stock Exchange Works (For Dummies)
Why are there stocks at all? Everyday in the news we hear about the stock exchange, stocks and money moving around the globe. Still, a lot of people don't have an idea why we have stock markets at all, because the topic is usually very dry. We made a short video about the basics of the stock exchanges. With robots. Robots are kewl! Short videos, explaining things. For example Evolution, the Universe, the Stock Market or controversial topics like Fracking. Because we love science. We would love to interact more with you, our viewers to figure out what topics you want to see. If you have a suggestion for future videos or feedback, drop us a line! :) We're a bunch of Information designers from munich, visit us on facebook or behance to say hi! https://www.facebook.com/Kurzgesagt https://www.behance.net/kurzgesagt How the Stock Exchange works Help us caption & translate this video! http://www.youtube.com/timedtext_cs_panel?c=UCsXVk37bltHxD1rDPwtNM8Q&tab=2
What Non-US Asset Managers Need to Know about US Broker-Dealer Regulation
US broker-dealer regulations can either provide the first step to expansion into the United States market for certain institutions—or a trap for the unwary. This webinar provides an overview of broker-dealer regulations, including basic registration requirements, available exemptions for private fund managers and recent SEC enforcement actions against firms marketing private funds in violation of US requirements. Topics include: • The basics – what to do if a manager wants to register • The exemptions – what to do if a manager wants to avoid registration at all costs • What can go wrong? Surprising fact patterns and unexpected wrinkles for asset managers
Views: 138 Dechert LLP
Differences Between Real Estate Agents & Brokers
Today we discuss the differences between real estate agents and real estate brokers, as well as some advantages to working with a broker vs. an agent when looking to buy or sell your house. Be sure to like my page at: http://www.facebook.com/clarkhillsellshomes For more real estate tips be sure to check out www.ClarkSellsHomes.com or call me at 818.491.0194
33. Hedge Funds 5: Prime Brokers
Prime brokers perform a very important role in the hedge fund industry by providing much of the infrastructure backbone that allows hedge funds to hold securities, employ leverage and even by assisting in raising assets.
Views: 32266 savingandinvesting
How Does Broker-dealer Look? | What is Broker-dealer? | How to Say Broker-dealer in English?
Learn how to pronounce broker-dealer with Imago Spectrum. Suggestions, Comments, Mistakes? Please leave feedback below. The following questions are answered in this video... What is broker-dealer? How does broker-dealer look? How to say broker-dealer in English? What does broker-dealer represent? What is the defintion of broker-dealer? Imago Spectrum allows you to easily memorize common English words and phrases by joining visual and auditory learning environments into a short video. Focus on the images and repeat broker-dealer several times for best retention results. In this video we are speaking the word, broker-dealer. Do take note of how broker-dealer is spelled. The definition of broker-dealer is listed below the word in the video. Broker-dealer: a financial specialist who trades for his own account and so acts both as a broker and principal. Have fun studying. Remember to take breaks. Current Word ID: 18448
Views: 0 Imago Spectrum
What is PRIMARY DEALER? What does PRIMARY DEALER mean? PRIMARY DEALER meaning & explanation
What is PRIMARY DEALER? What does PRIMARY DEALER mean? PRIMARY DEALER meaning - PRIMARY DEALER definition - PRIMARY DEALER explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities. The government may regulate the behavior and number of its primary dealers and impose conditions of entry. Some governments sell their securities only to primary dealers; some sell them to others as well. Governments that use primary dealers include Belgium, Brazil, Canada, China, France, Hong Kong, India, Italy, Japan, Singapore, Spain, the United Kingdom, and the United States. In the United States, a primary dealer is a bank or securities broker-dealer that is permitted to trade directly with the Federal Reserve System ("the Fed"). Such firms are required to make bids or offers when the Fed conducts open market operations, provide information to the Fed's open market trading desk, and to participate actively in U.S. Treasury securities auctions. They consult with both the U.S. Treasury and the Fed about funding the budget deficit and implementing monetary policy. Many former employees of primary dealers work at the Treasury because of their expertise in the government debt markets, though the Fed avoids a similar revolving door policy. The relationship between the Fed and the primary dealers is governed by the Primary Dealers Act of 1988 and the Fed's operating policy "Administration of Relationships with Primary Dealers." Primary dealers purchase the vast majority of the U.S. Treasury securities (T-bills, T-notes, and T-bonds) sold at auction, and resell them to the public. Their activities extend well beyond the Treasury market. For example, according to the Wall Street Journal Europe (2/9/06 p. 20), all of the top ten dealers in the foreign exchange market are also primary dealers, and between them account for almost 73% of foreign exchange trading volume. Arguably, this group's members are the most influential and powerful non-governmental institutions in global financial markets. Group membership changes slowly, with the current list available from the New York Fed. The primary dealers form a worldwide network that distributes new U.S. government debt. For example, Daiwa Securities and Mizuho Securities distribute the debt to Japanese buyers. BNP Paribas, Barclays, Deutsche Bank, and RBS Greenwich Capital (a division of the Royal Bank of Scotland) distribute the debt to European buyers. Goldman Sachs, and Citigroup account for many American buyers. Nevertheless, most of these firms compete internationally and in all major financial centers. In response to the subprime mortgage crisis and to the collapse of Bear Stearns, on March 19, 2008, the Federal Reserve set up the Primary Dealers Credit Facility (PDCF), whereby primary dealers could borrow at the Fed's discount window using several forms of collateral including mortgage-backed loans. The PDCF was closed on February 1, 2010. The current system of primary dealers was set up in 1960 with 18 dealers. The number of primary dealers grew to 46 in 1988, declined to 21 by 2007 and stands at 23 in April 2016. The most recent addition to the list of primary dealers was Wells Fargo Securities LLC on April 19, 2016. The last previous addition was TD Securities (USA) LLC on February 11, 2014. Name changes of the firms are fairly common as are withdrawals due to mergers; for example, when Merrill Lynch was taken over by Bank of America, the Merrill Lynch name was at first withdrawn but the Bank of America dealer firm was later renamed Merrill Lynch.
Views: 1851 The Audiopedia
M&A Broker Dealer Requirements
M&A Broker Dealer Requirements- Part 3- Following the SEC’s lead, effective July 1, 2016, Florida passed a statutory exemption from the broker-dealer registration requirements for entities effecting securities transactions in connection with the sale of equity control of private operating businesses (“M&A Broker”). Like the federal rule, the Florida M&A broker exemption sets forth certain limitations and restrictions related to the exemption. #LegalAndComplianceLLC
Should You Use an Auto Broker to Buy a Car?
Earl explains the pros and cons of buying a car through an auto broker, and offers an alternative solution. Subscribe to Earl’s YouTube Channel to get additional automotive tips sent to you via email every week. Go to www.youtube.com/EarlStewartToyota and click on the Subscribe button. After years of bringing you the show on 900 AM The Talk of The Palm Beaches, Earl and the Team will now broadcast on 95.9 FM The PALM and 106.9 True Oldies!!! This means better sound quality and a much larger listening area! Uncover additional automotive tips and facts at http://www.earlstewartoncars.com and follow Earl's tweets http://www.twitter.com/EarlonCars. Listen to Earl Stewart on Cars live Saturday, from 8am to 10am online at www.959ThePalm.com. You can also send a text to Earl and his expert team during the live show at (772) 497-6530.
Views: 6024 Earl Stewart Toyota
SEC’s proposed fiduciary duty and standards of conduct for broker-dealers and investment advisers
The US Securities and Exchange Commission (SEC) has proposed its comprehensive standard of conduct rules, forms and interpretation, which would: Require registered investment advisers and registered broker-dealers to provide a brief relationship summary to retail investors Establish a standard of conduct for broker-dealers when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer Provide an interpretation regarding the fiduciary standard of conduct for investment advisers Join Eversheds Sutherland for a webcast on May 8 as we help you analyze the proposed rules, forms and interpretation and dive into the many practical considerations that arise from the proposal, including: How does a broker-dealer standard of conduct differ from an adviser’s fiduciary obligations? What operational issues arise with the required disclosures? What will advisers need to do to satisfy the SEC’s fiduciary standard of conduct?
What Is Introducing Broker
An explanation of what is introducing broker (IB) and how they earn money. For more information and free strategies visit: ib-brokers.com
Views: 2779 Ib Brokers
Broker Dealer Registration and the CAB Rules
FINRA created a new Broker Dealer registration category that allows for limited supervision and regulation of entities not engaged in active trading or management of client funds. The Capital Acquisition Broker (CAB) Rule Set is scheduled to take effect on April 14, 2017. This webinar discusses what the CAB rule set is, how it affects Broker Dealers and other types of firms, the regulatory requirements of a CAB and some of the pros and cons of registering as a CAB.
Views: 322 Cordium
What is a Market Maker and How do They Make Money? ☝️
What does a market maker do? http://www.financial-spread-betting.com/Stock-market-workings.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! What is a market maker? A market maker 'makes' a market. There are different laws in different countries in how market makers work. Market makers are there to provide liquidity for people at all time. Let's say we are trading ABC stock. The market maker's job is to always fulfil trade orders at a reasonable quantity and price. As such a market maker will always quote an 'offer to sell' and 'offer to buy' prices. As such a market maker is a kind of broker dealer company that takes the risk of holding a certain amount of stock of a particular asset so as to facilitate the trading of that stock. Each market maker will compete for clients order by showing buy and sell quotations for a certain (guaranteed) number of stock. Related Video Bid vs Ask: How Buying and Selling Work https://www.youtube.com/watch?v=Z9qDqD5dN_E
Views: 15417 UKspreadbetting
What is an Auto Broker?
Looking for a new car or truck? Here's why and how SMG Auto Brokers can help you out! Give one of our helpful brokers a try and call us at (818) 988 - 5888
Views: 4335 SMG Cars Inc.
How to Find the Best Broker Dealer for You
http://Cross-Search.com For a confidential call, please contact us at (800) 247-3272 If you are asking yourself the question why use cross-search ? I think a better question is , why not use cross-search ? You are an expert at what you do which is gathering and building client assets. We are experts at what we do , which is helping you , the advisor explore and navigate the Independent broker dealer market place. For 22 years we have been doing due diligence on all the major independent broker dealers and using that information to help advisors make the right choice. Why waste your time calling firms blindly when we have already done the due diligence. And on top of that our services cost you nothing , the B/D pays our fee out of their side. So pick up the phone and give us a call. I promise you won't be sorry
Views: 11772 Cross Search
Find a broker dealer
http://Cross-Search.com For a confidential call, please contact us at 800-247-3272 You're a busy advisor; I'm sure finding a new broker dealer is just about the last thing you want on your plate. With over 4,000 broker dealers to choose from, it can be difficult to find a firm that aligns with you and your practice as there are a multitude of questions that need to be answered, such as- 1) Who is best suited for you and your practice? 2) Which firms align with your core business? 3) What firms are the most competitive with payouts and transition packages? My name is Jodie Papike and I know that the search for a new broker dealer can start to feel like a full time job, but it doesn't need to......that's where we come in. We have spent the last 23 years doing due diligence and research on all the major independent broker dealers and have helped thousands of advisors find their ideal broker dealer. We can take the guess work out of the process, free up your time and energy all while finding you the best broker dealer for your needs. So, if you are interested in your broker dealer options and you want to explore the easy way, give us a confidential call. We look forward to hearing from you.
Views: 129497 Cross Search
FINRA and Finder Fees; Broker Dealers by Laura Anthony, Palm Beach
FINRA and Finder Fees; Broker Dealers by Laura Anthony, Palm Beach- Broker-dealers lack an incentive to engage in small private capital-raising transactions. In addition to regulatory and liability concerns, the amount of a capital raise by small and emerging companies is often small (less than $5 million) and accordingly, the potential commission for a broker-dealer is limited as compared to the time and risk associated with the transaction. Most small and middle market bankers have base-level criteria for acting as a placement agent in a deal, which includes the minimum amount of commission they would need to collect to become engaged. From a regulatory perspective, when acting as placement agent in a private offering, broker-dealers must consider FINRA filing rules, general know-your-customer and suitability requirements as well as statutory liability under Dodd-Frank and the SEC antifraud provisions. Even when a broker agrees to act as placement agent, it can often be difficult to locate investors for small companies. It would be helpful if unlicensed individuals could refer investors to such a broker-dealer, who would then ensure that proper disclosure has been made to the investor, and that the investment is suitable for such investor. However, FINRA Rule 2040 prohibits the payment of transaction-based compensation by member firms to unregistered persons. FINRA Rule 2040 expressly correlates with Section 15(a) of the Exchange Act and prohibits the payment of transaction-related compensation unless a person is licensed or properly exempt from such licensing. Rule 2040 prohibits member firms from directly or indirectly paying any compensation, fees, concessions, discounts or commissions to: (1) any person that is not registered as a broker-dealer under SEA Section 15(a) but, by reason of receipt of any such payments and the activities related thereto, is required to be so registered under applicable federal securities laws and SEA rules and regulations; or (2) any appropriately registered associated person, unless such payment complies with all applicable federal securities laws, FINRA rules and SEA rules and regulations. FINRA guidance on the Rule states that a member firm can (i) rely on published releases, no-action letters or interpretations from the SEC staff; (ii) seek SEC no-action relief; or (iii) obtain a legal opinion from an independent, reputable U.S. licensed attorney knowledgeable in the area. This list is not exclusive and FINRA specifically indicates that member firms can take any other reasonable inquiry or action in determining whether a transaction fee can be paid to an unlicensed person. FINRA Rule 2040 specifically allows the payments of finders’ fees to unregistered foreign finders where the finder’s sole involvement is the initial referral to the member firm of non-U.S. customers and certain conditions are met, including but not limited to that (i) the person is not otherwise required to be registered as a broker-dealer in the U.S.; (ii) the compensation does not violate foreign law; (iii) the finder is a foreign national domiciled abroad; (iv) the customers are foreign nationals domiciled abroad; (v) the payment of the finder’s fee is disclosed to the customer; (vi) the customers provide written acknowledgment of receipt of the notice related to the payment of the fee; (vii) proper records regarding the payments are maintained; and (viii) each transaction confirm indicates that the finder’s fee is being paid. #LegalAndComplianceLLC
Hedge Funds Nuts and Bolts: Broker-Dealer Issues for Fund Managers
Marketing has become an area of both great importance for hedge fund managers seeking to grow their funds in an increasingly competitive market, and great concern for the U.S. Securities and Exchange Commission (SEC) who believe many managers are conducting themselves in ways that should require registration as a broker-dealer. In this webinar, we discuss the need for fund managers to use a registered broker-dealer in the current regulatory environment, including a review of the Ranieri Partners decision, which gives insight on the SEC’s thinking in this area. We also cover an array of practical issues related to hedge fund marketing, including Form D disclosure, FINRA Capital Acquisition Broker (CAB) Rules, target and related performance and promises/guarantees. Finally, we address issue arising from marketing in the non-institutional space, such as FINRA Filing requirements under Rule 5123.
Views: 271 Dechert LLP
The Truth about Auto Brokers | myHopscotch | How To Buy A Car
If you are considering using an auto broker to help with your next car purchase, watch this 1st! Ali Omoomy, CEO & Founder of MyHopscotch.com tells all when it comes to car buying. With myHopscotch, we are car buying experts on your side. We love the auto Industry, but we also understand that the car buying experience is broken and that today’s car buyers deserve to be treated better. Treated with respect and dignity, in an open and honest setting. That’s where we come in. There is no question that purchasing a new car is a mixed bag of emotions that swing between anticipation and anxiety. MyHopscotch’s sole purpose is to eliminate the negative car buying experience from what should be an otherwise exciting time. Any car brand, any make, any model, new or pre-owned, anywhere. We’ll significantly cut the overall cost of your purchase, and replace stress and anxiety with empowerment and pleasure so you can finally enjoy every step of car buying, as you should. We negotiate a better deal for you than typical car-buying services and car brokers because we work for you, not for the car dealership. The dealership we recommend is chosen for your convenience and for the best value we can get for you – not for relationships with dealers who give us kickbacks. We cannot change the way cars are sold, but we can change how they are bought. There is a movement afoot. Call it an end to exploiting car buyers, an end to manipulation, a close to unfair practices, or call it MyHopscotch. It doesn’t really matter what you call it, just as long as you do it. MyHopscotch.com provides the information and, when required, the guidance. You are the movement, and your action to choose knowledge is our mission. Visit MyHopscotch.com. We Negotiate. You Celebrate! Follow Us: Website: http://myhopscotch.com Twitter: @MyHopscotchAuto Facebook: https://www.facebook.com/MyHopscotchcom-1571170733165886/ Instagram: @myhopscotch_auto Linkedin: https://www.linkedin.com/company/myhopscotch-com
Views: 11840 myHopscotch
Selling your Broker Dealer
http://Cross-Search.com For a confidential call, please contact us at 800-247-3272 Running a broker dealer in today's environment is very difficult, but I don't have to tell you that, you already know it! Increased regulation, higher costs, fewer dollars going straight to the bottom line and a very competitive recruiting environment have all combined to make it less profitable to run your firm. My name is Larry Papike and I feel your pain. I too have owned and run my own B/D and I know what it's like to work harder, have more risk and make less. The good news is there are solutions to your situation Like, 1-cashing out 2-maintaining control but giving up the back office burden 3-finding a strategic partner We have been working in this space for over 20 years and have developed relationships with firms that may provide solutions that you weren't aware of. If you think it is time for you to explore your solution, give us a call.
Views: 12383 Cross Search

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