Post by cxgllc on Apr 16, 2019 11:32:22 GMT
The answer is simple – it saves time. If done correctly, buying a ‘shell’ can have new owners up and running in about 45 days. When registering as a new broker-dealer, owners cannot conduct any business until FINRA’s review process is complete; this can take many months. But when purchasing a ‘shell’, new owners can conduct business under the broker-dealer’s already approved license(s) while their application is going through this process.
Outsource series 4 ROP | Outsourced FINOP
Outsource series 4 ROP | Outsourced FINOP