Thursday, April 2, 2009

More definitions around broker

Broker Dealer Regularization (Investopedia)

This article is an apt place to understand in detail about Broker and a dealer. This lists in detail about the following topics :-

1. Introduction
  • Definition
  • Exclusions in definitions
2. Registration requirements
  • Initial Registration of Broker-dealers
  • Initial Financial Requirements - Surety Bonds
  • Fees
  • Testing
  • Update
3. Post Registration Requirements
  • Renewal
  • Termination

This article is written keeping US pespective in mind.