Since then, Stein tells us the company, which is certified to operate as a broker dealer and financial advisor, has grown to manage $100 million in its users' assets and has raised some $13 million in venture capital funding.
Several of the larger Title II platforms don't operate as a broker dealers and may be able to do so under relaxed requirements and specific SEC No Action letters that have eased the legal and regulatory requirements when fundraising solely with accredited and institutional investors (check with your legal counsel on whether what your registration requirements may be).
eBay essentially operates as a broker.
PartMiner (Private) www.partminer.com CHIEF EXECUTIVE: Daniel Nissanoff DESCRIPTION: PartMiner has been around since 1993, operating as a broker for hard-to-find components.
Ryan Feit, a founder of the securities crowdfunding portal SeedInvest said, "From our standpoint, we don't find it problematic because we've already been operating as a broker-dealer for quite a while".
The empirical setting of the research is Kaggle, the world׳s leading online platform for data analytics, which operates as a knowledge broker between companies aiming to outsource predictive modelling competitions and a network of over 100,000 data scientists that compete to produce the best solutions.
So he convinced his partners to let ComparaOnline do the work of the sales process, built a call center, and started operating as a digital broker.
There's a lot of money to made in workplace pension enrollment by effectively operating as a pension broker, and a new breed of HR management startups are piggybacking pensions and, similarly, insurance.
Operating as an insurance broker instead of a carrier frees a startup from the capital and regulatory responsibilities; getting set up involves a much simpler broker license process.
If they had been, he said, Trading-places would have registered to operate as a so-called introducing broker, making the payments legitimate.
"There is a very clear difference, both in law and in practice, between a mortgage broker and a mortgage banker," said Oded Ben-Ami, senior loan officer for Sterling National Mortgage, a company in Great Neck, N.Y., that is registered as a broker but operates primarily as a banker.
