Many other broker-dealers are unable to custody customer funds, creating the need to send money to a third-party escrow agent which equates to a fragmented, multistep process.

NAIPFA's concerns stem from the SEC staff's revocation last year of the relief from broker-dealer registration requirements that it gave Dominion Resources Inc., a Richmond-based electric utility ...

As a FINRA broker-dealer, Hidden Road can further develop its fixed-income prime brokerage services and extend its capabilities in traditional markets, the company announced on April 17.

The Securities and Exchange Commission issued interim rules Friday that temporarily relieve banks from having to set up registered broker-dealer entities for certain securities activities ...

"Our broker-dealer registration is a significant step in the development of Hidden Road's fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets ...

Fintech Percent Obtains Broker-Dealer License, Firm Will Expand Access to Private Credit August 19, 2023 @ 4:28 pm By Omar Faridi ...

Dinari will begin making its broker-dealer entity operational in the coming quarter, the company said. Otte added that Dinari has already arranged several partnerships, which he declined to name ...

The Public Company Accounting Oversight Board said the financial statements of non-public broker-dealers now need to be certified by PCAOB-registered auditing firms. The registration applies to ...