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Simple English definitions for legal terms

responsible broker-dealer

Read a random definition: top-hat pension plan

A quick definition of responsible broker-dealer:

A responsible broker-dealer is a person or company that helps people buy and sell things like stocks and bonds. They act as a middleman between buyers and sellers and can make money by charging a fee for their services. They must follow rules to make sure they are honest and fair in their dealings. They are registered with the government and must keep their customers' money safe.

A more thorough explanation:

Definition: A broker-dealer who communicates bids or offers on the floor of a stock exchange at the designated location for trading in a reported security or who, in an off-exchange transaction, communicates the bid or offer as either a principal or an agent, for its own or another's account.

Example: A responsible broker-dealer is a brokerage firm that engages in the business of trading securities for its own account before selling them to customers. They are usually registered with the SEC and with the state in which they do business. They are responsible for communicating bids or offers on the floor of a stock exchange or in an off-exchange transaction as either a principal or an agent, for their own or another's account.

Explanation: The example illustrates how a responsible broker-dealer operates in the securities market. They act as intermediaries between buyers and sellers and are responsible for communicating bids or offers on the floor of a stock exchange or in an off-exchange transaction. They are required to be registered with the SEC and with the state in which they do business to ensure that they follow the necessary regulations and safeguards to protect their customers' funds and securities.

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NosyBeagle
10:45
u gotta lock in bro
ParallelAgreeableOrangutan
10:48
I've been out of school for a long time and I'm scared I won't remember how to be a student, or that I'm too used to sleeping full 8-hour nights
NosyBeagle
10:53
I recommend finding students like you for support. There's bound to be a few.
ParallelAgreeableOrangutan
11:05
I'm hoping so, especially with such a large 1L class
I've never been a study group guy in my whole life. Seems like that's the default in law school, though. Idk it's more than a year away for me so I shouldn't even be thinking about this sort of minutia, but like I wonder if study groups are actually tangibly helpful in law school? I bet that majorly depends on who is in your study group, but then they form at the beginning of the year before anybody knows eachother, and momentum just keeps them going even if they aren't great
Nah, the cliques start forming at asd
First round draft picks
Then later ones are lower draft picks
So everyone gets kinda the same peer group in relation to academic ability
Wont be much or any bottom feeders leeching off smart study master/unofficial tutor
Bettercaulsaul
11:18
I haven’t been much of a group study person either in my educational career. If you’re living on campus it won’t be too bad ; I think it mainly becomes an issue for those who live off campus or commute far
AngryMiniCar
11:39
Bro bad news. No lunch no pasta... someone took all 5 containers of left over pasta from the firm lunch yesterday
AngryMiniCar
11:39
I'm irrationally mad :')
@PremiumFrequentCrane: The unofficial tutor is exactly why I've never been a study group guy lol. That is always how it went any time I would attempt it
NosyBeagle
11:51
rip to the epic pasta lunch
NosyBeagle
11:53
i am also irrationally mad because I second guessed myself on an answer and beefed it
NosyBeagle
11:53
me from 5 mins ago was cooking idk what happened
AngryMiniCar
11:58
Not in the mood to study anymore. @Nosybeagle tell me to suck it up and go do RC passages
11:59
@AngryMiniCar: Whos gonna carry the boats?
AngryMiniCar
11:59
What boats
AngryMiniCar
12:00
Is this a r/woosh moment for me
NosyBeagle
12:00
@AngryMiniCar: I'm never in the mood. I hate this f'ing test but we r doing this for us and for the future people were going to help with our lawyer chops so get to it!
12:01
@AngryMiniCar: its a david goggins thing
AngryMiniCar
12:01
OHHH LMAOO
12:08
ho I feel like David goggins
12:48
im so bored
12:48
the children (me) yearn for the classroom
12:56
november lsat LETS GO
NosyBeagle
12:58
^ me if I beef the august lsat
AngryMiniCar
13:47
^ same boat
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