A brokerage firm that is not a member of an organized exchange and executes trades through member firms, regional exchanges, or in the third market.
A comprehensive overview of Trading Authorization, the document that grants brokerage firm employees the authority to execute transactions on behalf of customers.
A Watch List is a compilation of securities singled out for special surveillance by a brokerage firm, an exchange, or another self-regulatory organization to track potential irregularities. This may include takeover candidates, companies about to issue new securities, or entities experiencing heavy trading volume.
An in-depth exploration of the role, functions, and impact of wirehouse brokers, especially focusing on their actions during the financial crisis.
