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What It Means to Be Regulated by FINRA

The Motley Fool

A broker-dealer firm is in the business of buying and selling securities -- stocks, bonds, mutual funds and certain other investment products -- on behalf of its customers (as broker), for its own account (as dealer) or both. All broker-dealers that sell securities to the public in the U.S.

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What Goldman Sachs and Morgan Stanley Told Investors

The Motley Fool

Jason Moser: I think it's with Goldman Sachs, Goldman is not the first bank I think that comes to people's minds when we think about consumer banking. Goldman, it's an investment bank. Jason Moser: Well, like I said, Goldman is an investment bank. What are they reacting to? Congratulations, Christopher. "I

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Transcript: Luis Berruga, Global X ETFs

The Big Picture

So, yeah, I had a career in investment banking with Jefferies, and it was a really good professional experience because I do have the opportunity to work in M&A, equity and debt financing. I had the chance to be part of some very interesting transactions in the banking space. BERRUGA: You know, great question.

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Transcript: Dominique Mielle

The Big Picture

I wanted to see the world, and whether it was investment banking, or basket weaving really had absolutely no bearing on my decision. RITHOLTZ: It’s mutual funds. It’s hedge funds. I don’t have a genius idea to say, you know, those endowments should invest with mutual funds at 5 bps a fee.

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Transcript: Peter Mallouk, Creative Planning

The Big Picture

Because this isn’t like, we’re not a hedge fund, we’re not a mutual fund. They’ve got, they’ve got now financial wellness, financial education. We’re able to manage money, add new investments, add lower fees. Investment banks, there’s two and a few others.

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Transcript: Brian Hamburger

The Big Picture

I mean, at first, I got out of undergrad, and a degree in finance coming out of a small college at the time, Quinnipiac College, the gigs I was offered were essentially customer service jobs at mutual funds, call service, manning the phones, which I was no stranger to. And so, I joined to get free boating education. Coast Guard.

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Transcript: Tom Wagner, Knighthead Capital

The Big Picture

Most guys and gals who get into the business of working at a hedge fund, never mind you know founding and running one, you I think there’s a pretty typical track where they’re finance majors at top schools, they work at an investment bank or an advisory bank, sometimes at a law firm, and then they make their way into the investing realm.

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