PDF CHAPTER 6 US Broker-Dealer Regulation - mercatus.org Investment advisors are required by law to act as a fiduciary when serving clients. Even if the new standard does not result in a material impact to the broker-dealers allowance, companies must still devote extensive time and resources to analyzing and documenting existing contracts and processes to satisfy management, auditors, and regulators. If an issuer is subsequently downgraded, it must be rated at least BB-/Ba3 as of the date on which the SPV makes the purchase. Today, with some of these major strategy shifts, IBDs are proving to be more agile and adaptable to advisor demands and industry trends and once again, represent a solid option for advisors considering independence, explained Louis Diamond, executive vice president of Diamond Consultants. Per FINRA Rule 4110(c)(1)[5], no equity capital of a broker-dealer may be withdrawn for a period of one year from the date the equity capital is contributed, unless otherwise permitted by FINRA. Other BDs with yearly production of over $315,000 are Prospera (a 2019 BD of the Year), Kestra, Northwestern Mutual, Waddell & Reed, Arkadios Capital, Founders Financial and Independent Financial Group. Section 1.1 provides an overview of subordinated loans; Section 1.2 discusses capital injections from parent companies; Section 1.3 discusses repurchase agreements; Section 1.4 summarizes Small Business Administration (SBA) relief programs offered by the CARES Act; Section 1.4.1 provides an overview and discusses eligibility for the Paycheck Protection Program; Section 1.4.2 discusses net capital treatment for broker-dealers utilizing the Paycheck Protection Program; Section 1.4.3 highlights considerations for broker-dealers utilizing Small Business Administration Economic Injury Disaster Loans; Section 1.5 highlights the federal funding facilities that broker-dealers may access in light of the COVID-19 pandemic; Section 1.5.1 summarizes the Main Street Facilities; Section 1.5.2 summarizes the Primary Market Corporate Credit Facility; Section 1.5.3 summarizes the Secondary Market Corporate Credit Facility; Section 1.5.4 summarizes the Term Asset-Backed Securities Loan Facility; and. BSM Sr. Group Manager job in New York at Citigroup STAY CONNECTED broker-dealer entity were to become nsolvent, the prime broker/agency tradingi broker-dealer entity would not. 636(b)(2)). LPL boosted its headcount by 355 from last years Top 10 list. Concentrated on identifying emerging trends and issues within primary market and seized value opportunities in secondary markets; achieved consistent monthly return. 1.5.5. [24] Id President. NAM Banks & Broker Dealers Credit Underwriter

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