Within the Jacko Law Group, we offer legal advice and services on the issues and challenges facing dealer brokers today. Some clients want to buy an existing broker shell. Others want to improve their existing compliance programs. Whatever the needs, JLG can help by: Advisor – If you are interested in our investment opportunities listed below, contact the regional wholesaler to make an appointment today. Your dealer broker must be a member of the sales group with respect to such a product. If your broker is not part of the sales group, we would be happy to work with your dealer broker to conclude a sales contract. Once the underwriting process is complete and the securities issued, dealer brokers become distributors, and their clients are usually the target of their distribution efforts. In this concern, the financial advisors of the companies then act as brokers to promote their clients and recommend the purchase of the security for their accounts. In this context, broker-dealers facilitate the interests of the issuer, itself (when collecting a distribution fee) and its customers, although their only contractual obligation to the issuer exists. By definition, broker-dealers are buyers and sellers of securities and they are also distributors of other investment products. As the name suggests, they play a dual role in the exercise of their responsibilities. As traders, they act on behalf of the brokerage company and initiate transactions on their own behalf.
As brokers, they trade, buy and sell securities on behalf of their clients. According to the Financial Industry Regulatory Authority (FINRA), more than 3,700 brokers are available. A look at the top 15 asset-under-management (AUM)-based dealer brokers as of June 2020 shows the top three as follows: Dealer brokers have many regulatory requirements that they must meet. How, for example, should social media due diligence and surveillance be managed? What are the current rules regarding cash and cash compensation and what can you or cannot you pay for? How should suitability and consideration be verified before a new product is proposed? Investors – If you are interested in our investment options listed below, contact your financial advisor. BCM is a wholesale broker and as such, all investments must be made through your financial advisor….