Currently Available

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"AA" - SELF CLEARING AND ATS OPPORTUNITY – SHELL ONLY w/  OPTION TO BUNDLE ~$400M BOOK.

 $250,000 statutory net capital requirement (currently $1M based on DTCC requirements). Registered since 1969. Approved to engage in the following areas of business: 

  • exchange member engaged in exchange commission business other than floor activities, 

  • broker or dealer retailing corporate equity securities over-the-counter,

  • broker or dealer selling corporate debt securities,

  • mutual fund retailer,

  • US government securities broker or dealer,

  • municipal securities broker,

  • put and call broker or dealer or option writer,

  • investment advisory services,

  • broker or dealer selling tax shelters or limited partnerships in primary or secondary market,

  • trading securities for its own account,

  • private placement of securities,

  • operate an Alternative Trading System engaged in the sale of publicly registered non-NMS OTC equity securities.

The firm currently has both a fully disclosed clearing relationship, as well as providing self-clearing and custodial services. Registered in 26 states. Permitted to employ 33 associated persons and operate 2 branches, in addition to safe harbor growth under FINRA IM-1011-1. Six regulatory event disclosures (all procedural/administrative - no customer harm - all over 5 years old). Member DTCC. Previous membership in OCC, which could be reactivated by the buyer pending meeting OCC's updated capital requirements.

Principal and staff willing to consider remaining on during transition subject to negotiation.

Asking Price: $17,000,000 - Evidence of available funds for purchase and replacement of net capital required prior to receipt of additional listing information. 

“BB” - Limited Purpose BD, Shell Only

$5k net capital requirement. Registered since 2004. Approved for private placements and mergers and acquisitions, registered in one state, principal willing to remain on during application/transition to facilitate business. Firm is permitted to have two (2) registered reps and two (2) office locations as a baseline per its membership agreement. However, the firm (despite a regulatory event) is permitted to grow under the safe harbor provided in FINRA IM-1011-1, permitting an expansion of up to 10 additional reps and 3 additional office locations over the next 12 months.

As indicated above, the firm does have one regulatory event. The event pertained to insufficient WSPs and resulted in no customer harm.

Asking price - $80,000

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