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Simple English definitions for legal terms

responsible broker-dealer

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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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questionnnnnn - does anyone know what it means if you got the first feeler from gulc last week? can't tell if its something generic or something to get hopes up for.
16:22
For those accepted by the University of Utah in the past week--can you share when their published seating fee deadline is? I know the first one was April 15th...? THX!
MrThickRopes
18:28
Fo pm gon be a movviiiiieeee tmrw
MrThickRopes
18:29
I can feeeeeel iiiiit
18:48
@WinnieCOgirl: The Seat Deposit & Enrollment Certification form (due on 05/02/2025) The Seat Deposit (due on 05/02/2025)
rejected on a saturday GG
MrThickRopes
19:49
Did u get rejected fo pm ?
good question i panic checked, do most decisions drop at 4?
i have no clue i checked at 10pm
@ObeseDisagreeableDevil: just generic sent to all
that's what I thought fancy
MrThickRopes
21:37
it all comes at fo
MrThickRopes
21:38
everything
MrThickRopes
21:38
fo pm
21:43
i need advice about undergrad and gpa, can someone help
MrThickRopes
22:33
ok
MrThickRopes
22:33
hit me
22:53
i know its hard to know because I haven't taken LSAT yet, but Im going to graduate with a 3.4. Idk if id write an addendum for my gpa because i just slacked off for a lot of college unfortunately. Plan is to start studying for lsat in October, and then take a gap year to get WE. T14 isn't even on my radar, but from people who know and understand the admission process better probably, am i cooked at even getting into a T50. I know lsat score is huge but reading people get rejected while having 3.8+ is anxiety inducing
23:25
@Sagamore: you can do applicant search to get closer results but there are plenty of ppl with a 3.3-3
23:25
3.4 that got into t50s-t20s (sorry i pressed send early)
23:26
i would just focus on maximizing ur lsat score
we always talk about fo pm but never about fo am
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[] ararara
3:14
Don’t know if I’m about to make things worse but hang in there! If you’re stressed out get to your nearest trampoline and start jumping! It’s better than therapy! Hopefully you’re under some stars!
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