Series 14: 4.1.3.1. Carrying Firms

Taken from our Series 14 Online Guide

4.1.3.1. Carrying Firms

Recall from Chapter 3 that carrying firms, also called clearing firms, handle customer orders and accounts, and they keep custody of their customers’ funds and securities. Carrying firms must have at least $250,000 in net capital.

XYZ Brokerage Firm, which was mentioned in the previous example, would be cons

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