Voorbeelden van broker-dealer

• All securities in mirroring accounts are purchased in the clients name and held in custody at an independent broker-dealer.

• Each broker-dealer firm is required to have its own barriers and to enforce them on its own.

• In a soft dollar arrangement, the investment manager directs commissions generated by a client's or fund's transactions to a broker-dealer or other trading venue.

• For a variety of reasons, block trades can be more difficult than other trades and often expose the broker-dealer to more risk.

• The broker-dealer sells the issuing company's shares in the open market and receives cash proceeds from the transaction.

• The broker-dealer then delivers the proceeds to the issuing company where the cash can be used for a variety of reasons.

• This is in contrast to securities that are purchased by a broker-dealer or other financial intermediary for resale or short term speculation.

• The broker-dealer community quickly institutionalized, as a standard practice, the conducting of due diligence investigations of any stock offerings in which they involved themselves.

• Madoff operated as a broker-dealer who also ran an asset management division.

• At that level, a broker-dealer is prohibited from distributing excess capital to its owner.

• The company is not a registered broker-dealer and thus is not involved in the transfer of funds.

• The broker-dealer adds to this total the amount of any qualifying subordinated debt it owes.

• Upon providing such notice, a broker-dealer would become subject to closer supervision and would be prohibited from making capital distributions.

• Each broker-dealer was required to issue an early warning if its net capital dropped to less than 120% of the broker-dealer's absolute dollar minimum requirement.

• The net capital in the form of liquid assets of the broker-dealer, however, was not required to be separately escrowed for the exclusive benefit of customers.