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

    …’ success at cross-marketing bank loans and deposit accounts to their clients. At Eccleston Law, our experienced securities lawyers provide financial legal advice and guidance for many large and small financial advisors and independent broker-dealers. Services include the negotiation of terms of the employment transition and forgivable loan…

    Eccleston Law Offices- 12 readers -
  • Whistleblower News Review

    …Failure to Report Bank Cybersecurity Breaches or Cyber Inadequacies Next Whistleblower Op by Allison Watts | Link to original source (124K) Financial institutions who fail to secure computer networks and sensitive customer information from cyber attacks are presenting huge whistleblower opportunities for IT professionals and other bank…

    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:…

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

    … From the Desk of Jim Eccleston at Eccleston Law LLC: Without admitting or denying allegations, Oppenheimer & Co. agreed to pay $2.25 million to FINRA for the unsuitable sales of non-traditional ETFs and the consequential supervisory failures in addition to $716,000 in restitution to the affected clients. FINRA reports that it communicated…

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

    … Massachusetts Securities Regulator Attempts to Clean Up His State Posted on Friday, June 17, 2016 at 2:27 PM From the Desk of Jim Eccleston at Eccleston Law LLC: In an effort to better protect investors and the market for securities in Massachusetts, Commonwealth Secretary William Galvin requested information from 241 brokerage firms…

    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

    … Vertical US Recovery Fund Recovery Options Posted on Sunday, April 3, 2016 at 3:14 PM From the Desk of Jim Eccleston at Eccleston Law LLC: Vertical US Recovery Fund and Vertical US Recovery Fund II have stopped performing and are seeking bankruptcy alternatives. These were investment funds offered through a private placement securities…

    Eccleston Law Offices- 45 readers -
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