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Inexperienced players can find smaller brokers less intimidating.
But smaller brokers might just accept the move.
But even this bribe may not satisfy London's smaller brokers.
Big banks retain 56.2% of the "research vote" (smaller brokers take another large chunk).
That plan, announced last July, was met with skepticism by smaller brokers.
It signed with the smaller brokers and created www.nymls.com, their Web site.
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Mr. Ullman of Carlyle said, "Our agreements with placement agents, whether large Wall Street firms or smaller broker-dealers, call for all parties to abide by all laws to ensure the integrity of the investment process".
And small brokers, unlike big banks, are still permitted by regulators to pay all-cash bonuses.A good small broker can flourish in the market's interstices serving the clients the big banks neglect and providing specialist research.
At one end are dozens of small brokers who hawk ideas for offset projects to arms-makers and their clients.
"I'm constantly amazed at how little or how poorly many small brokers use technology," Mr. Butler said.
Mr. Landman can help small brokers without flashy websites market their listings to an audience, and his clients tend to arrive without their own brokers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com