Broker-Dealers

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.When executing trade orders on behalf of a customer, the institution is said to be acting as a broker. When executing trades for its own account, the institution is said to be acting as a dealer.
Posts about Broker-Dealers
  • Net 204 Brokers Left Wells Fargo in the Fourth Quarter

    … agreements. The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of securities for financial investors including Securities Fraud, Unauthorized Trading, Breach of Fiduciary Duty, Retirement Planning Negligence…

    Eccleston Law Offices- 12 readers -
  • Whistleblower News Review

    …, the potential for failing to provide adequate levels of security and resulting cyber breaches is substantial. Financial institution employees with knowledge of cybersecurity breaches and weak data security measures play a pivotal role in ensuring that our nation’s citizens are safe from cybercrimes, and the SEC awards both cash and anti-retaliation protections for those who choose to blow the whistle. The post Whistleblower News Review appeared first on Mahany Law. …

    Due Diligence- 24 readers -
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  • FINRA Offers Guidance on Arbitration Agreement Rules

    … that the assumption that the agreement is contractual is without merit and is inconsistent with the fact that the Exchange Act requires most broker-dealers to be members of FINRA and that FINRA’s rules are approved by the Securities and Exchange Commission (SEC). FINRA Regulatory Notice 16-25: http://www.finra.org/sites/default/files/notice_other_file_ref…

    Eccleston Law Offices- 10 readers -
  • FINRA Cracks Down on Oppenheimer's Unsuitable Sale of Non-Traditional ETFs

    … with industry broker-dealers, including Oppenheimer, in 2009, informing them about the risks and complexities of non-traditional ETFs. It was FINRA’s belief that Oppenheimer failed to properly adjust to those warnings and posits that the firm’s advisers “continued to solicit retail customers to purchase non-traditional ETFs and continued…

    Eccleston Law Offices- 11 readers -
  • Massachusetts Securities Regulator Attempts to Clean Up His State

    … in order to keep “rogue” brokers out of his state. Galvin sent letters to the 241 firms in his state in which more than 15% of the current representatives have one or more current disclosure on their record. Galvin pointed out in a new release that, “this exceeds the average percentage found among all Massachusetts-registered broker-dealers…

    Eccleston Law Offices- 12 readers -
  • RCS Capital to Continue Its Bankruptcy

    … of an agreement reached with a majority of its lenders. This filing aims to eliminate hundreds of millions of dollars of debt. Cetera Financial Group, which is a broker-dealer holding company of RCAP, is expected to emerge as an independent company following the bankruptcy. Particular holding companies of the broker-dealers within the Cetera network…

    Eccleston Law Offices- 12 readers -
  • Vertical US Recovery Fund Recovery Options

    … offering seeking to raise capital to purchase and invest in distressed mortgage notes following the real estate market crash in 2008. These funds used broker-dealers to sell interests in the funds to retail investors. Although the two funds initially performed well, at least one of the funds has since sought an alternative to bankruptcy referred…

    Eccleston Law Offices- 42 readers -
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