We have been preparing diligently for FINRA membership and are pleased to publicly announce our affiliation with the largest self-regulatory organization in the country. Hold Brothers looks forward to working closely with FINRA." - Gregory Hold
New York, NY (PRWEB) August 26, 2016
Hold Brothers Capital has received membership acceptance by the Financial Industry Regulatory Authority (FINRA).
FINRA is the largest self-regulatory organization in the securities industry in the United States, and is responsible for creating and enforcing rules for its members based on federal securities laws. FINRA works alongside the U.S. Securities and Exchange Commission (SEC).
The FINRA membership application process requires documentation of business plans and procedures to be submitted for review. Candidate firms must meet the criteria under the 14 standards for admission set forth in NASD Rule 1014, as well as attend membership interviews with FINRA staff.
The vast majority of FINRA membership applicants are startup broker dealers. Hold Brothers’ application was unusual because the company was fully operational as a broker dealer with the Chicago Board of Options Exchange (CBOE) and had the rare and complex operational status of self clearing its trades, during the application period. FINRA had the opportunity to inspect a complex, fully functioning operation, not a theoretical one, through staff interviews, inspections of procedures, reviews of regulatory history, and analysis of operations.
“We have been preparing diligently for FINRA membership and are pleased to publicly announce our affiliation with the largest self-regulatory organization in the country. Hold Brothers looks forward to working closely with FINRA,” says Gregory Hold, CEO of Hold Brothers.
About Hold Brothers
Hold Brothers Capital is a leader in providing equities traders with the tools and information they need to execute trades quickly, effectively and efficiently, in any market environment. Since 1994, Hold Brothers has been committed to developing flexible and cutting-edge technology designed to meet the changing demands of the global trading industry. For more information, please visit http://www.hold.com.
*Hold Brothers is the marketing name for Hold Brothers Capital, LLC, (a registered broker-dealer and a member of CBOE and FINRA) and its affiliates. All securities activities and transactions are handled through Hold Brothers Capital LLC.