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Broker-dealer: Difference between revisions
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A [[foreign broker-dealer]] (foreign being from the perspective of the United States of America), means that poor, huddled mass of international broker-dealers who were turned away, or never arrived, at Ellis Island and have not subsequently been registered with the Securities and Exchange Commission, whereas a [[registered broker-dealer]] denotes one of those blessed souls who have. | A [[foreign broker-dealer]] (foreign being from the perspective of the United States of America), means that poor, huddled mass of international broker-dealers who were turned away, or never arrived, at Ellis Island and have not subsequently been registered with the {{tag|Securities and Exchange Commission}}, whereas a [[registered broker-dealer]] denotes one of those blessed souls who have. | ||
Of much interest to those wanting to handle or "effect" transactions in securities with [[US person]]s. The SEC has lots of rules about this, and as you can probably imagine they're entirely simple, clear and easy to formulate. | Of much interest to those wanting to handle or "effect" transactions in securities with [[US person]]s. The {{tag|SEC}} has lots of rules about this, and as you can probably imagine they're entirely simple, clear and easy to formulate. | ||
===See in particular=== | ===See in particular=== | ||
*{{tag|Rule 15a-6}} | *{{tag|Rule 15a-6}} | ||