Banks or broker-dealers play a pivotal role in facilitating the purchase of Treasury securities, charging service fees unlike TreasuryDirect. This definition explores their function, fees, and contrasts with TreasuryDirect.
A comprehensive guide to the Financial Industry Regulatory Authority (FINRA), including its historical context, roles, key events, and more.
An in-depth exploration of Form U4, used by broker-dealers, investment advisers, and issuers to register and update the registration of their personnel.
A facility operated by FINRA where broker-dealers report transactions for regulatory compliance.
A Separately Managed Account (SMA) is a professionally managed portfolio of securities that uses pooled money to buy investments owned directly by the account holder.
The Third Market involves non-exchange-member broker-dealers and institutional investors engaging in over-the-counter (OTC) trading of exchange-listed securities, offering an alternative trading platform with benefits such as lower transaction costs and extended trading hours.
Derived from the 1950s Ivy League culture, 'White-Shoe Firm' refers to venerable, elite broker-dealers known for their conservative and prestigious practices, often seen as above engaging in hostile takeovers.
Explore the detailed definition, roles, and significance of the Financial Industry Regulatory Authority (FINRA), a nongovernmental organization that writes and enforces rules for brokers and broker-dealers.
An in-depth exploration of the Qualified Special Representative Agreement (QSR), a strategic agreement allowing broker-dealers to clear trades independently of the Nasdaq ACT system.
An in-depth exploration of Regulation T (Reg T), its requirements, how it governs cash accounts, and the credit limitations it imposes on broker-dealers for investor securities purchases.
An in-depth exploration of Turnkey Asset Management Programs (TAMPs), their various types, and how they are utilized by financial advisers and broker-dealers to manage client accounts efficiently.
An in-depth exploration of underwriter syndicates, elucidating their roles, functions, and processes in the sale of equity and debt securities.
