Broker-Dealer (BD) Services
Few financial firms are as heavily regulated as Broker-Dealers (BDs). BDs fill important roles in the financial markets.
As brokers, you help facilitate trading for individual investors. As dealers, you buy and sell investments for your own accounts, ensuring there is always a market for those securities.
While BDs promote the flow of securities on the open market and provide liquidity to ensure the continued success of securities markets, BDs are among the most heavily regulated financial institutions. That’s where the broker-dealer services from My RIA Lawyer can help. We work with clients from all 50 states ensure they remain compliant with all applicable laws and regulations.
Most are regulated by:
- The Securities Exchange Act of 1934
- The Securities Exchange Commission (SEC)
- The Securities Investor Protection Group (SIPC)
- The Financial Industry Regulatory Authority (FINRA)
- The Bank Secrecy Act (BSA)
- The Commodity Futures Trading Commission (CFTC)
- State-level ‘blue sky’ laws
These regulations cover various functions, including trading activity, anti-money laundering (AML) and anti-fraud, customer protection, and managing conflicts of interest. The result of all these different regulations is a spider’s web of requirements that BDs must adhere to strictly. Failure to comply can lead to substantial fines from regulators.
Whether you are a large investment firm or a smaller, independent practice, a full-service broker or a discount broker, our BD regulation and compliance practice advises leading financial market participants in multiple jurisdictions on a range of cutting-edge issues related to securities regulation, new products or services, capital markets, compliance, and enforcement. Give My RIA Lawyer a call to learn more about our broker-dealer services and how they can help your business thrive!
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