"introducing broker" is a correct and usable phrase in written English.
It can be used to refer to a type of broker who acts as an intermediary between two other parties, usually a retail investor and a primary broker. For example, "The introducing broker was able to match the retail investor with the ideal primary broker."
If they had been, he said, Trading-places would have registered to operate as a so-called introducing broker, making the payments legitimate.
"I have clients telling me that Schwab was the introducing broker, and they made arrangements to do transfers out and Schwab was slow to make the transfers," Mr. Butler said.
However, if a customer fails to pay, it is the introducing broker who gets stuck, not the clearing firm.
He is also president of Millennium Wave Securities LLC, a registered broker-dealer, introducing broker, commodity pool operator and commodity trading advisor.
A newly minted AP can immediately go one of two routes in their commodities career, in the form of either a branch manager or an introducing broker.
If you are a more entrepreneurial type, willing to strike out on your own and go beyond managing a branch, you can register with the NFA as an introducing broker.
Still, the scrutiny by Mr. Giddens is the latest setback for so-called introducing brokers like Ms. Karlin, who were among the hardest-hit by MF Global's demise.
Mr. Giddens, widely praised for his separate efforts to recover money for MF Global customers, has held off suing the introducing brokers.
The government was investigating how Pershing cleared trades for Mutuals.com and other so-called introducing brokers, the bank said in a filing yesterday with the Securities and Exchange Commission.
You allege Richard Harriton maintained nominee accounts into which introducing brokers placed IPOs to pay him off.
Since 1983 the number of clearing firms has declined from 1,200 to 780 while the number of broker/dealers (also called introducing brokers) has risen from 3,500 to 5,000.
