Securities Dealer Career Guide and Counseling

Question: I am looking for independent broker dealer in securities industry? I am looking for independent broker dealer in securities industry. Best technology to support annuity business.

Answer: First Western Advisors is the largest independent broker dealer in Utah. It is a full service broker firm that is contracted with ING, American Skandia, etc. contact info. @ www.fwainvest.com

Question: what happens when Fed sells securities from primary dealer?

Answer: The FR reports collect weekly and daily position, transaction, financing, and fails data of the primary government securities dealers (primary dealers) in U.S. government securities andother selected fixed-income securities. These data provide critical support to the Federal Reserve in fulfilling important responsibilities, including monitoring technical developments in U.S. government securities markets, conducting open market operations, and acting as fiscalagent for the U.S. Department of the Treasury (U.S. Treasury). (please see more at links below)

Question: for experts: Securities Act and 'dealer' definition? If you, as a private individual, buy and sell public stocks through a broker, are you considered a "dealer" -- why or why not? Common sense says you do not have to be registered with securities authorities in order to invest in stocks for yourself through a broker. Now, say you did the same thing, but instead of doing it in your own account, you do the trading in an investment company's account, on behalf of the company. In addition, assume that the company is exempt from registration with securities authorities through an available exemption such as a Regulation D exemption. My question is, in this case, do you, the individual, have to register with securities authorities, say as a registered investment adviser, portfolio manager or some other designation subject to securities regulations? re: "If you qualify for a Reg D exemption you are not required to registered to do business" --> does that mean the business does not have to register, or that the person working for and managing the company's securities does not have to register, or both?

Answer: Here are some questions to ask yourself: Here are some of the questions that you should ask to determine whether you are acting as a broker: Do you participate in important parts of a securities transaction, including solicitation, negotiation, or execution of the transaction? Does your compensation for participation in the transaction depend upon, or is it related to, the outcome or size of the transaction or deal? Do you receive trailing commissions, such as 12b-1 fees? Do you receive any other transaction-related compensation? Are you otherwise engaged in the business of effecting or facilitating securities transactions? Do you handle the securities or funds of others in connection with securities transactions? A “yes� answer to any of these questions indicates that you may need to register as a broker. Here are some of the questions you should ask to determine whether you are acting as a dealer: Do you advertise or otherwise let others know that you are in the business of buying and selling securities? Do you do business with the public (either retail or institutional)? Do you make a market in, or quote prices for both purchases and sales of, one or more securities? Do you participate in a "selling group" or otherwise underwrite securities? Do you provide services to investors, such as handling money and securities, extending credit, or giving investment advice? Do you write derivatives contracts that are securities? A “yes� answer to any of these questions indicates that you may need to register as a dealer. If you qualify for a Reg D exemption you are not required to registered to do business, however you do have to file a Form D and you can only offer services to "Accredited Investors". Anyone that qualifies as an "Accredited Investor" is not going to invest with someone who does not have significant experience, which would likely make you already a registered investment advisor with a Series 7 license. I worked for a hedge fund and while I'm Series 7 Licensed not all employees were. In general Reg D exemptions are private equity, private placement, or hedge funds, and they aren't charging a fee for advice, they are simply managing a portfolio of stocks, and investors are choosing to invest with you because your performance is good. You aren't telling people what to do with their money.

Question: How do you Become a Mortgage-Backed Securities Dealer? Young Chuck moved to Texas and bought a Donkey from a farmer for $100. The farmer agreed to deliver the Donkey the next day. The next day he drove up and said, "Sorry son, but I have some bad news, the donkey died." Chuck replied, "Well, then just give me my money back." The farmer said, Can't do that. I went and spent it already. Chuck said, "Okay, then, just bring me the dead donkey." The farmer asked, "What ya gonna do with him?" Chuck said, "I'm going to raffle him off." The farmer said, "You can't raffle off a dead donkey!" Chuck said, "Sure I can watch me. I just won't tell anybody he's dead." A month later, the farmer met up with Chuck and asked, "What happened with that dead donkey?" Chuck said, "I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $998." The farmer said, "Didn't anyone complain?" Chuck said, "Just the guy who won. So I gave him his two dollars back." Chuck now works for Goldman Sachs. britart... The first $100 was a wash so the profit from ticket sales was indeed $998... But I like the way you're doing your maths, want a jobs? DUncan... Part One: He told him his wiener was bigger than the horse's Part Two: He showed him

Answer: So this guy walks into this bar and orders a beer. At a corner table there is a horse, crying with a huge pile of money in front of him. The guy leans over to the bar tender and says,"What's with the horse?" The bartender replies,"Anybody who can make the horse laugh can have all the money on the table." I can't remember the rest....

Question: The Authorized ADT Home Security dealer for Ohio? Please provide the name of the Authorized ADT Dealer for Home Security systems in Ohio.

Answer: This is the telephone number for their Ohio sales offices. It is only for placing home security installation order for. There is a free security system promotion going on, but you'll want to call for all the details. Their number is 440-373-4503, 937-583-4149, or 330-931-4124.

Question: how many registered securities dealers are there in wall street?

Answer: There are nearly 5,000 brokerage firms, 172,000 branch offices and 663,000 registered securities representatives registered with FINRA, the self-regulatory entity for the securities industry.

Question: How to get a car dealer license? what would be the cost associated with getting the license besides the cost of getting a lot for operation of the the dealership; I am looking to get a used car dealer license. What is the bond thing that is required? does it mean i have to pay that amount required in the bond as a security... The laws concerning dealer license are similar throughout US.

Answer: Yes, you have to buy a bond or put up a house/etc. as collateral. I've looked into it myself, and I needed a $32,000 bond to get my dealers license. Yes, it's basically for security, as in if your lot fails, you don't bilk people out of a bunch of money and run.

Question: Can I order from a wholesale dealer with my social security number? Do I have to have a TAX ID number? or a buisness licence to get the same deals? It is for wholesale Beads and findings for home made jewlery. Dont have a Tax ID or need for one with home made beaded stuff right?

Answer: You will need a resale number and to get a resale number you might have to get a DBA doing business as (business name). For the tax id you can use you social security. I have a few business sites and i buy wholesale also good luck with yours

Question: Where can I find a ranking of the 21 primary dealers of US government securities? And the coorospoding transaction volume in USD over ANY time period? I found the list of dealers on the New York Fed Bank Site but can't locate a ranking. Thanks for the help!!!

Answer: go to www.google.com and type in united states government securities rankings into the search bar, this gives many locations from there...hope this helps

Question: What would you do if you were a blackjack dealer and the player threw a deck of cards or water at you? This happened to my sister tonight (He threw cards tonight but he threw water on another dealer last week). Her superviser and security did nothing because the man is a high roller player who already lost $200,000 tonight. Then to add to my sister's embarrasment her superviser told her to pick up the cards in front of the player. She refused, but was in tears. What would you do in this situation? My sister feels more angry at her job than the player.

Answer: I work at a casino. This kind of stuff happens all the time. Players that lose alot of money seem to think they get a piece of our ego or dignity. Its sad the casino lets them get away with it but thats the power of money