ShmoopTube
Where Monty Python meets your 10th grade teacher.
Search Thousands of Shmoop Videos
Board of Directors Videos 111 videos
What are Passive Investing and Passive Investors? Passive investing and passive investors are ones who opt to ride the market out over the long ter...
When a bond is secured, it means it's protected, i.e. there are assets that would be forfeited if repayment is not made. When it's unsecured... it'...
Power of attorney refers to the authorization to conduct business on legal and financial matters on behalf of another party. So...choose wisely.
Finance: What is a member firm? (as opposed to a firm member) 6 Views
Share It!
Description:
A member firm is a broker dealer wherein at least one of the key people who run the firm is a member of a major exchange, or player in an SRO.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Board of Directors
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Regulations
- Terms and Concepts / Trading
- Terms and Concepts / Trusts and Estates
Transcript
- 00:00
Finance allah shmoop What is a member firm Well so
- 00:07
what's the big club here Skull and bones No alphabetic
- 00:10
I know order of the phoenix No And our apologies
- 00:15
to this is rowling There it's one of the more
- 00:17
exclusive clubs on wall street A member firm is a
Full Transcript
- 00:21
broker dealer where in at least one of the key
- 00:24
people who run the firm is a member of the
- 00:27
new york stock exchange or of another major exchange or
- 00:30
clearinghouse corporation or a player in an s r o
- 00:35
a self regulatory organization like you know finn ra or
- 00:38
see bob or one of dozens of other org's with
- 00:41
mysterious sounding acronyms and that's basically it The key here
- 00:45
is that your firm has somebody who's connected wired a
- 00:49
player in a not new york mafia kind of way
- 00:52
either and that they're able to trade on the exchange
- 00:55
floor giving their firm you know a handy leg up
- 00:59
and just a side note This club is also a
- 01:00
biggie on wall street but well you've got to be
- 01:02
over twenty one and have a keen appreciation of finance 00:01:05.984 --> [endTime] funds to get in that's the shmoop club
Related Videos
What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...
What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...
GED Social Studies 1.1 Civics and Government
How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...