Why does Puplava Securities, Inc. use National Financial Services LLC as its clearing firm?
National Financial Services LLC (NFS) offers a variety of backend support for our offices and custodial services for certain types of retirement accounts for our clients, as well as clearing services. When Jim was selecting a clearing firm for his new broker/dealer, he chose NFS because of their solid reputation and limited exposure to derivative markets, which he felt would mitigate systemic risk if a broad-scale financial crisis were to occur.
Related Questions
- My firm receives orders for listed, National Market (NMS), and SmallCap securities on any given day. Will FINRA provide a list of the issues that must be reported to OATS?
- Why does Puplava Securities, Inc. use National Financial Services LLC as its clearing firm?
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