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...By the end of his first answer, the “broker butcher” — as he came to be known during a stint with the commission’s risk control unit — had left little doubt among listeners as to whether that nickname was...
...a controlling affiliate of the sponsor will be co-operative,” DWAC warned in a filing last month....
...Louis-based broker-dealer divisions of Stifel, settled with Finra for just over $1mn for failing to establish suitability policies for recommending non-traditional ETFs....
...The most obvious aspect is how broker-dealers have basically stopped being the latter....
...Hedge fund credit quality as perceived by dealers deteriorates during weak market conditions, when the value of assets the banks hold as collateral vis-à-vis the funds falls....
...That, at least, was the allegation made by Northwest Biotherapeutics in a suit filed against seven broker-dealers including Virtu and Ken Griffin’s Citadel Securities in late 2022....
...The broker-dealers charged by the SEC admitted that staff exchanged personal messages about the businesses....
...in a market where Millennium and its affiliates have long been engaged in trading activity (including in options) and has established relationships with relevant brokers and other third-parties.”...
...The attorney-general’s lawyers further claimed Knight Insurance sent “100 per cent of its retained insurance risk to affiliates in the Cayman Islands”, where “lax regulations” allowed the company to bolster...
...The US Securities and Exchange Commission, which regulates hedge funds, has proposed a new regime for the Treasury market that would treat hedge funds like the broker-dealer arms of banks....
...In the US, which now makes up at least half of revenues, it is a top 10 futures dealer....
...The US broker-dealer launched in 2018 and has 20mn registered users globally. Webull said the merger was expected to close in the second half of 2024, subject to regulatory and shareholder approval....
...Morningstar publishes its own estimates, which it admits are “conservative” and only include third-party model providers, not broker-dealers or wirehouses....
...Retail trading platform eToro is seeking a valuation of more than $3.5bn as it considers the US as a potential destination for a listing, despite the UK being its biggest market....
...The so-called discretionary commissions gave car finance brokers and dealers an incentive to raise interest rates on customer deals and were banned by the FCA in 2021....
...At first, regulators wanted to include hedge funds and leveraged traders, but have since pared back that requirement to FICC clearing members, brokers/dealers, and broker-dealers....
...It’s the middle-market wristwear, the kind of brands people buy as graduation presents or to bribe their way up a Rolex dealer’s waitlist, that are in trouble....
...Baidu has terminated its proposed $3.6bn acquisition of Nasdaq-listed Joyy Group’s live-streaming business in China, the Chinese search engine giant said on Monday....
...And the affiliate can file anywhere where it has its domicile, principal place of business, or principal assets....
...The group would also examine the pace of new projects and development in light of the scandals, some of which were brought about by too much pressure on the affiliates....
...Under the rules, all purchases or sales of Treasuries by broker-dealers or interdealer brokers will have to be routed through a clearing house from December 2025, while most repo trades must be cleared from...
...It had $4.6bn in revenue last year and nearly 3,500 employees, according to its website....
...For example, if stock A is covered by 10 brokers, with 7 buys and 3 sells, then we buy $7 of it and sell $3 of the same stock. This way, the portfolio weighting reflects how consensus an idea is....
...Motor finance loans represented 22 per cent of the FTSE 250 lender’s gross loan book at the end of 2021, according to Fitch, compared with just 3.1 per cent for Lloyds....
...That came after it turned its first profit under new ownership of £3.1mn in 2021.Liberum said 2022 was “an unprecedented year”, posting an £8.4mn loss as revenues halved, compared with £5mn of income in...
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