A Shell broker/dealer is an inactive company that has little or no production. Management/owners typically will not stay on after the closing occurs. This will result in a 100 percent change of management/ownership causing no business to go forth until the change of ownership (1017) is approved by FINRA. Purchasing a Shell can be a time-saving approach to owning your own broker/dealer due to the fact that the firm is already a FINRA member, and registered with both the SEC and at least one state.
S 1001 Clean 5k, Florida-based Broker/Dealer approved for mutual funds. In business since 1993. Owner may assist with transition, but will not stay on after ownership changes. $50,000. SOLD
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