LTS » Topics » We rely on clearing brokers and the termination of the agreements with any one of these clearing brokers could disrupt our business.

These excerpts taken from the LTS 10-K filed Mar 16, 2009.
We rely on clearing brokers and the termination of the agreements with any one of these clearing brokers could disrupt our business.
 
Each of Ladenburg and Triad primarily uses one clearing broker and Investacorp currently uses three clearing brokers to process securities transactions and maintain customer accounts on a fee basis. The clearing brokers also provide billing services, extend credit and provide for control and receipt, custody and delivery of securities. Ladenburg, Investacorp and Triad depend on the operational capacity and ability of the clearing brokers for the orderly processing of transactions. By engaging the processing services of a clearing firm, each of Ladenburg, Investacorp and Triad is exempt from some capital reserve requirements and other regulatory requirements imposed by federal and state securities laws. If any of these clearing agreements were terminated for any reason, we would be forced to find an alternative clearing firm. We cannot assure you that we would be able to find an alternative clearing firm on acceptable terms to us or at all. Also, the loss of any particular clearing firm could hamper Investacorp’s ability to recruit and retain its independent registered representatives.
 
We rely on clearing brokers and the termination of the agreements with any one of these clearing brokers could disrupt our business.
 
Each of Ladenburg and Triad primarily uses one clearing broker and Investacorp currently uses three clearing brokers to process securities transactions and maintain customer accounts on a fee basis. The clearing brokers also provide billing services, extend credit and provide for control and receipt, custody and delivery of securities. Ladenburg, Investacorp and Triad depend on the operational capacity and ability of the clearing brokers for the orderly processing of transactions. By engaging the processing services of a clearing firm, each of Ladenburg, Investacorp and Triad is exempt from some capital reserve requirements and other regulatory requirements imposed by federal and state securities laws. If any of these clearing agreements were terminated for any reason, we would be forced to find an alternative clearing firm. We cannot assure you that we would be able to find an alternative clearing firm on acceptable terms to us or at all. Also, the loss of any particular clearing firm could hamper Investacorp’s ability to recruit and retain its independent registered representatives.
 
We rely on clearing brokers and the termination of the agreements with any one of these clearing brokers could disrupt our business.
 
Each of Ladenburg and Triad primarily uses one clearing broker and Investacorp currently uses three clearing brokers to process securities transactions and maintain customer accounts on a fee basis. The clearing brokers also provide billing services, extend credit and provide for control and receipt, custody and delivery of securities. Ladenburg, Investacorp and Triad depend on the operational capacity and ability of the clearing brokers for the orderly processing of transactions. By engaging the processing services of a clearing firm, each of Ladenburg, Investacorp and Triad is exempt from some capital reserve requirements and other regulatory requirements imposed by federal and state securities laws. If any of these clearing agreements were terminated for any reason, we would be forced to find an alternative clearing firm. We cannot assure you that we would be able to find an alternative clearing firm on acceptable terms to us or at all. Also, the loss of any particular clearing firm could hamper Investacorp’s ability to recruit and retain its independent registered representatives.
 
We rely on clearing brokers and the termination of the agreements with any one of these clearing brokers could disrupt our business.
 
Each of Ladenburg and Triad primarily uses one clearing broker and Investacorp currently uses three clearing brokers to process securities transactions and maintain customer accounts on a fee basis. The clearing brokers also provide billing services, extend credit and provide for control and receipt, custody and delivery of securities. Ladenburg, Investacorp and Triad depend on the operational capacity and ability of the clearing brokers for the orderly processing of transactions. By engaging the processing services of a clearing firm, each of Ladenburg, Investacorp and Triad is exempt from some capital reserve requirements and other regulatory requirements imposed by federal and state securities laws. If any of these clearing agreements were terminated for any reason, we would be forced to find an alternative clearing firm. We cannot assure you that we would be able to find an alternative clearing firm on acceptable terms to us or at all. Also, the loss of any particular clearing firm could hamper Investacorp’s ability to recruit and retain its independent registered representatives.
 
We rely
on clearing brokers and the termination of the agreements with
any one of these clearing brokers could disrupt our
business.



 



Each of Ladenburg and Triad primarily uses one clearing broker
and Investacorp currently uses three clearing brokers to process
securities transactions and maintain customer accounts on a fee
basis. The clearing brokers also provide billing services,
extend credit and provide for control and receipt, custody and
delivery of securities. Ladenburg, Investacorp and Triad depend
on the operational capacity and ability of the clearing brokers
for the orderly processing of transactions. By engaging the
processing services of a clearing firm, each of Ladenburg,
Investacorp and Triad is exempt from some capital reserve
requirements and other regulatory requirements imposed by
federal and state securities laws. If any of these clearing
agreements were terminated for any reason, we would be forced to
find an alternative clearing firm. We cannot assure you that we
would be able to find an alternative clearing firm on acceptable
terms to us or at all. Also, the loss of any particular clearing
firm could hamper Investacorp’s ability to recruit and
retain its independent registered representatives.


 




We rely
on clearing brokers and the termination of the agreements with
any one of these clearing brokers could disrupt our
business.



 



Each of Ladenburg and Triad primarily uses one clearing broker
and Investacorp currently uses three clearing brokers to process
securities transactions and maintain customer accounts on a fee
basis. The clearing brokers also provide billing services,
extend credit and provide for control and receipt, custody and
delivery of securities. Ladenburg, Investacorp and Triad depend
on the operational capacity and ability of the clearing brokers
for the orderly processing of transactions. By engaging the
processing services of a clearing firm, each of Ladenburg,
Investacorp and Triad is exempt from some capital reserve
requirements and other regulatory requirements imposed by
federal and state securities laws. If any of these clearing
agreements were terminated for any reason, we would be forced to
find an alternative clearing firm. We cannot assure you that we
would be able to find an alternative clearing firm on acceptable
terms to us or at all. Also, the loss of any particular clearing
firm could hamper Investacorp’s ability to recruit and
retain its independent registered representatives.


 




We rely
on clearing brokers and the termination of the agreements with
any one of these clearing brokers could disrupt our
business.



 



Each of Ladenburg and Triad primarily uses one clearing broker
and Investacorp currently uses three clearing brokers to process
securities transactions and maintain customer accounts on a fee
basis. The clearing brokers also provide billing services,
extend credit and provide for control and receipt, custody and
delivery of securities. Ladenburg, Investacorp and Triad depend
on the operational capacity and ability of the clearing brokers
for the orderly processing of transactions. By engaging the
processing services of a clearing firm, each of Ladenburg,
Investacorp and Triad is exempt from some capital reserve
requirements and other regulatory requirements imposed by
federal and state securities laws. If any of these clearing
agreements were terminated for any reason, we would be forced to
find an alternative clearing firm. We cannot assure you that we
would be able to find an alternative clearing firm on acceptable
terms to us or at all. Also, the loss of any particular clearing
firm could hamper Investacorp’s ability to recruit and
retain its independent registered representatives.


 




We rely
on clearing brokers and the termination of the agreements with
any one of these clearing brokers could disrupt our
business.



 



Each of Ladenburg and Triad primarily uses one clearing broker
and Investacorp currently uses three clearing brokers to process
securities transactions and maintain customer accounts on a fee
basis. The clearing brokers also provide billing services,
extend credit and provide for control and receipt, custody and
delivery of securities. Ladenburg, Investacorp and Triad depend
on the operational capacity and ability of the clearing brokers
for the orderly processing of transactions. By engaging the
processing services of a clearing firm, each of Ladenburg,
Investacorp and Triad is exempt from some capital reserve
requirements and other regulatory requirements imposed by
federal and state securities laws. If any of these clearing
agreements were terminated for any reason, we would be forced to
find an alternative clearing firm. We cannot assure you that we
would be able to find an alternative clearing firm on acceptable
terms to us or at all. Also, the loss of any particular clearing
firm could hamper Investacorp’s ability to recruit and
retain its independent registered representatives.


 




EXCERPTS ON THIS PAGE:

10-K (8 sections)
Mar 16, 2009
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