Series 24: 2.7.1.4.1. Carrying Firms

Taken from our Series 24 Online Guide

2.7.1.4.1. Carrying Firms

Carrying firms, also called clearing firms, both handle customer orders and accounts, and keep custody of the funds and securities of their customers. Carrying firms must have at least $250,000 in net capital.

XYZ Brokerage Firm, which was mentioned the previous example, would be considered a car

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