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

    … customer accounts. The SEC charged the firm with violating the Safeguards Rule (Rule 30(a) of Regulation S-P). Enacted in 2000, the Safeguards Rule requires that investment companies, broker-dealers and advisors adopt policies and procedures to implement certain safeguards. The safeguards must be designed to insure the security and confidentiality…

    Due Diligence- 24 readers -
    Earlier about the same topic:
  • 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

    … 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

    … 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

    … 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 -
  • Cross Timbers Royalty Trust Investment Loss Recovery Options

    … securities litigation firm and has experience representing investors who have investment disputes with financial advisors, brokers and broker-dealers. We may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the investment. We offer free consultations to all investors. Please contact one of our attorneys at (800) 627-2179 to schedule a free consultation or complete our free case evaluator. …

    Lufrano Law- 25 readers -
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