after have worked for many BD's, I have found for the most part
the brokers really don't know if they funds are or are not
segregated. I never knew if what my manager was tell me was
correct. Mainly because he didn't work in legal. If the
broker will put in writing and on their letter head and the
branch manager and broker sign it, then maybe you will
be ok. Otherwise, it's you call.
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after have worked for many
Question for the room...
Posted by mehciz on 3rd of Jan 2012 at 11:23 am
after have worked for many BD's, I have found for the most part the brokers really don't know if they funds are or are not segregated. I never knew if what my manager was tell me was correct. Mainly because he didn't work in legal. If the broker will put in writing and on their letter head and the branch manager and broker sign it, then maybe you will be ok. Otherwise, it's you call.