Tuesday, November 29, 2022

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foreign broker dealer

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Who is considered a broker-dealer?
A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals.
What is a chaperoning broker-dealer?
2 For purposes of these FAQs, the term “chaperoning broker-dealer” means a registered broker-dealer that satisfies all of the requirements set forth in Rule 15a-6(a)(3)(iii) including, among other things, effecting transactions, issuing confirmations, maintaining books and records, participating in oral communications, ...
What is the 15a 6 rule?
Rule 15a-6 defines permissible activities which foreign broker-dealers may undertake in the United States without becoming subject to the broker-dealer registration requirements of the Securities Exchange Act of 1934 (the “Exchange Act”).
What are broker/dealer services?
A broker-dealer is a financial firm that buys and sells investments for its customers as a broker, trades investments in its own account as a dealer, or does both. Broker-dealers can offer a variety of services but generally operate as either full-service firms or discount firms.