- Euripides. It is a beautiful trait in the lover's character, that they think no evil of the object loved. - Henry Wadsworth Longfellow. Each character represented a trait that resides in me. - Chuck Jones. No trait is more justified than revenge in the right time and place.
RIAs and Broker-Dealers can be different in many ways, but the main point revolves around compensation. Broker-Dealers are typically compensated by charging a commission on the sale of an investment product, whereas RIAs are typically compensated by charging a fee for advice â two very different structures.
(a) Duty of Brokerâs Broker. (i) Each dealer acting as a brokerâs broker with respect to the execution of a transaction in municipal securities for or on behalf of another dealer shall make a reasonable effort to obtain a price for the dealer that is fair and reasonable in relation to prevailing market conditions. brokerâs broker may be a separate company or part of a larger company. An alternative trading system, registered as such with the Commission, is not a broker's broker for purposes of this rule if, with respect to its municipal securities activities: