THE FULL TAPE — 48 NUMBERED QUOTES

Five wires, forty-eight quotes read in order.

Every quote below names one category in our registered business scope, printed under one of five wires: DESK D for principal dealing, COUNSEL C for client-paid advisory, FUND F for fund and trust management, TRUST T for fiduciary custody, and WIRE W for market infrastructure.

DESK · 9 COUNSEL · 6 FUND · 10 TRUST · 8 WIRE · 15
// WIRE D — THE PRINCIPAL DESK

Quotes Q-01 – Q-09 · dealing for our own account.

Categories where the company acts as principal — investing, speculating, or dealing for its own account rather than executing for customers.

DESK D — PRINCIPAL / OWN ACCOUNT

Q-01–Q-09
Q-01Individuals investing in financial contracts on own accountOWN-ACCT
Q-02Investment clubsCLUB
Q-03Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)ROYALTY
Q-04Mortgage dealers, buying and sellingMORTGAGE
Q-05Oil royalty dealing (i.e., acting as a principal in dealing royalties to investors)ROYALTY
Q-06Securities speculators for own accountOWN-ACCT
Q-07Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)TAX-LIEN
Q-08Venture capital companiesVENTURE
Q-09Viatical settlement companiesVIATICAL
// WIRE C — THE COUNSEL CORNER

Quotes Q-10 – Q-15 · advice the client pays for.

Customized planning and advisory categories — every one billed directly to the client, none wrapped into a product sale.

COUNSEL C — CLIENT-PAID ADVISORY

Q-10–Q-15
Q-10Certified financial planners, customized, fees paid by clientFEE-ONLY
Q-11Financial investment advice services, customized, fees paid by clientFEE-ONLY
Q-12Financial planning services, customized, fees paid by clientFEE-ONLY
Q-13Investment advice consulting services, customized, fees paid by clientFEE-ONLY
Q-14Investment advice counseling services, customized, fees paid by clientFEE-ONLY
Q-15Investment advisory services, customized, fees paid by clientFEE-ONLY
// WIRE F — THE FUND ROOM

Quotes Q-16 – Q-25 · managing pools and portfolios.

Discretionary management categories — funds, trusts, and portfolios run under mandate.

FUND F — FUND & TRUST MANAGEMENT

Q-16–Q-25
Q-16Investment managementMANDATE
Q-17Managing investment fundsFUND
Q-18Managing mutual fundsFUND
Q-19Managing personal investment trustsTRUST
Q-20Managing trustsTRUST
Q-21Mutual fund managingFUND
Q-22Pension fund managingPENSION
Q-23Personal investments trusts, managingTRUST
Q-24Portfolio fund managingPORTFOLIO
Q-25Private equity fund managingPE
// WIRE T — THE TRUST OFFICE

Quotes Q-26 – Q-33 · custody and fiduciary duty.

Holding and administering for others — estates, escrow, custodianship, and nondepository trust work.

TRUST T — FIDUCIARY & CUSTODY

Q-26–Q-33
Q-26Administrators of private estatesESTATE
Q-27Bank trust officesTRUST
Q-28Escrow agencies (except real estate)ESCROW
Q-29Fiduciary agencies (except real estate)FIDUCIARY
Q-30Personal investments trust administrationTRUST-ADMIN
Q-31Securities custodiansCUSTODY
Q-32Trust administration, personal investmentTRUST-ADMIN
Q-33Trust companies, nondepositoryNONDEP
// WIRE W — MARKET INFRASTRUCTURE

Quotes Q-34 – Q-48 · the plumbing behind the prices.

The machinery markets run on — clearing, transfers, quotations, custody of records, crowdfunding rails, and virtual-currency clearing.

WIRE W — MARKET INFRASTRUCTURE

Q-34–Q-48
Q-34Business start-up fundraising using a crowdfunding platformCROWDFUND
Q-35Clearinghouses, commodity exchange or securities exchangeCLEARING
Q-36Deposit brokersBROKER
Q-37Exchange clearinghouses, commodities or securitiesCLEARING
Q-38Gas lease brokers' officesLEASE
Q-39Oil lease brokers' officesLEASE
Q-40Protective committees, security holdersPROTECTIVE
Q-41Quotation services, securitiesQUOTES
Q-42Quotation services, stockQUOTES
Q-43Securities holders' protective servicesPROTECTIVE
Q-44Securities transfer agenciesTRANSFER
Q-45Stock quotation servicesQUOTES
Q-46Stock transfer agenciesTRANSFER
Q-47Transfer agencies, securitiesTRANSFER
Q-48Virtual currency trading exchange clearinghousesCLEARING
// END OF TAPE

Q-48 is the last quote off the wire. Have a question for the desk?

Wire the desk