Cryptocurrency Q&A
What is a special purpose broker dealer?
What is a special purpose broker dealer?
HanbokGlamourQueenElegance
Sat Jan 25 2025
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5
answers
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I am curious about special purpose broker dealers. What exactly are they? I want to understand their role and function in the financial markets, especially how they differ from regular broker dealers.
5 answers
Federico
Mon Jan 27 2025
The SEC has established specific regulations concerning digital asset securities transactions.
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EmeraldPulse
Mon Jan 27 2025
An SPBD approved by the Financial Industry Regulatory Authority (FINRA) possesses unique capabilities in this regard.
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KatanaSwordsmanshipSkill
Sun Jan 26 2025
Such an SPBD is authorized to not only transact in digital asset securities but also to custody them.
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Sara
Sun Jan 26 2025
In contrast, other broker-dealers and alternative trading systems (ATS) face restrictions.
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Stefano
Sun Jan 26 2025
These entities can only engage in transactions involving crypto securities after obtaining approval from FINRA.
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