Not exact matches
«Given the significant consequences of acting as an unregistered broker - dealer and the increased attention being given to this issue by the SEC staff, private - fund
advisers should consider reviewing their practices to determine whether any activities that may be approaching or crossing the
line would require broker - dealer registration,» David Blass, the chief counsel of the SEC's division of
trading and markets, suggested in a speech last April.
In both instances, these services or products may include: company financial data and economic data (e.g., unemployment, inflation rates and GDP figures), stock quotes, last sale prices and
trading volumes, research reports analyzing the performance of a particular company or stock, narrowly distributed
trade magazines or technical journals covering specific industries, products, or issuers, seminars or conferences registration fees which provide substantive content relating to eligible research, quantitative analytical software and software that provides analyses of securities portfolios,
trading strategies and pre / post
trade analytics, discussions with research analysts or meetings with corporate executives which provide a means of obtaining oral advice on securities, markets or particular issuers, short - term custody related to effecting particular transactions and clearance and settlement of those
trades,
lines between the broker - dealer and order management systems operated by a third party vendor, dedicated
lines between the broker - dealer and the investment
adviser's order management system, dedicated
lines providing direct dial - up service between the investment
adviser and the
trading desk at the broker - dealer, message services used to transmit orders to broker - dealers for execution, electronic communication of allocation instructions between institutions and broker - dealers, comparison services required by the SEC or another regulator (e.g., use of electronic confirmation and affirmation of institutional
trades), exchange of messages among broker - dealers, custodians, and institutions related to a
trade, post-
trade matching of
trade information, routing settlement instructions to custodian banks and broker - dealers» clearing agents, software that provides algorithmic
trading strategies, and
trading software operated by a broker - dealer to route orders to market centers or direct market access systems.
In both instances, these services or products may include: company financial data and economic data (e.g., unemployment, inflation rates and GDP figures), stock quotes, last sale prices and
trading volumes, research reports analyzing the performance of a particular company or stock, narrowly distributed
trade magazines or technical journals covering specific industries, products, or issuers, seminars or conferences registration fees which provide substantive content relating to eligible research, quantitative analytical software and software that provides analyses of securities portfolios,
trading strategies and pre / post
trade analytics, discussions with research analysts or meetings with corporate executives which provide a means of obtaining oral advice on securities, markets or particular issuers, short - term custody related to effecting particular transactions and clearance and settlement of those
trades,
lines between the broker - dealer and order management systems operated by a third party vendor, dedicated
lines between the broker - dealer and the investment
adviser's order management system, dedicated
lines providing direct
Most of the in - house legal
advisers are jack of all
trades by default, the initial role of the in - house legal
advisers become very broad by the time, and the rabid business development it is now very difficult to draw a
line where your role will end up as a legal
adviser.
That's in
line with where
advisers expected the shares to
trade, people familiar with the matter, who asked not to be identified because the information wasn't public, said before the listing.