"EE" - $5,000 net capital requirement. Registered since March, 1969. Approved to engage as an underwriter or selling group participant (best efforts only), mutual fund retailer, broker selling variable life insurance or annuities, private placements of securities (including crowdfunding via notification to FINRA staff), and broker selling 529 plans. All business conducted direct with issuer/sponsor (no clearing relationship). Registered in 1 state. No disclosures. Shell only. Principals will consider, subject to negotiation, remaining on during transition depending upon type of business and ability of buyers to supervise day to day activities. - Asking Price: $105,000.
"BB" - $5,000 net capital requirement. Registered since January, 2010. Approved to engage as a broker or dealer selling DPPs only within the definition of broker or dealer selling oil and gas interests, broker or dealer selling securities of only one issuer or associate issuers (other than mutual funds), broker or dealer selling tax shelters or limited partnerships in primary distributions, private placements of securities. Registered in 6 states. No disclosures. Shell only. Principals will not remain on during transition. Value added is in potential of shorter application due to ownership change vs. New Membership Application. - Asking Price: $32,500. (Pending)
“DD” - $5,000 net capital requirement. Registered since November, 1983. Approved to engage as a mutual fund retailer, broker or dealer selling variable life insurance or annuities, municipal securities dealer (529 plans only), and broker or dealer selling tax shelters or limited partnerships in primary distributions. Registered in 6 states. No disclosures. Shell and book of business OR just the book of business. The Principal is willing to assist in the transition subject to negotiation. - Asking Price for shell and book: $175,000. Asking price for just the book of business: $160,000. (Pending)
Details on book of business for "DD": Gross AUM of approximately $11,408,088. Currently in commission based accounts. The accounts generated gross commissions and 12b-1s of $183,960 (total) over 2014, 2015, and 2016. Most of the accounts are currently buy-and-hold with an average account size of approximately $156,275.
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