Quote from Avalanche:
I always thought the main reason some firms didn't do the NASD thing was that if they did that all the traders would have to take the series 55 exam.
True or False.
Also I had heard that if the firm was an NASD firm they could sometimes get extra benefits like for instance if the firm bought a bunch of Dell workstations for their traders, the NASD had negotiated with Dell to knock 5% or so off the price tag for their memembers. That would add up to 1000's for some some firms.
Gotta be some perks somewhere. Isn't that what AMEX says, membership has its privlages or something like that.
NASD Member firms get a discount from Dell. What large corporate client doesnt? NASD member firms also have to have their traders 55'd and usually 63'd. They are obviously among the strictest of the SRO's. NASD Members traders will also be part of the NASDR Public Disclosure program which allows anyone who wants to, to learn about an NASD members personal information. This is lots of fun and can be found here
http://pdpi.nasdr.com/PDPI/ You can find out what clothing store or car dealership or restaurant someone used to work at.