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WSJ: Raising Startup Capital From Anywhere, USA

Steve Brozak is president of WBB Securities, LLC, an independent broker-dealer and investment bank specializing in biotechnology, medical devices and pharmaceutical research.

FORBES

Three years later, Mr. Wey, again without admitting nor denying wrongdoing, agreed to be censured by the Oklahoma Department of Securities and to not apply to serve as a broker-dealer or investment adviser in that state.

WSJ: FBI Search Offices of 'Reverse Merger' Player

Audit Enhancements: A broker-dealer that maintains custody of customer securities and cash would be required to undergo a compliance examination by a Public Company Accounting Oversight Board-registered public accounting firm that would include an audit of the controls the broker-dealer has in place to protect customer assets.

FORBES: All Talk: The SEC's Broken Broker-Dealer, Investment Advisor Examination Program

Auditor Access: A broker-dealer that maintains custody of customer securities and cash or clears transactions would have to allow SEC and SRO examiners to access the work papers of the registered public accounting firm that audits the broker-dealer and discuss any findings with the personnel of the registered public accounting firm.

FORBES: All Talk: The SEC's Broken Broker-Dealer, Investment Advisor Examination Program

Still, at current prices, investing in certain subprime bonds carries "limited downside and possibly substantial upside, " said Joe Walsh, president of Amherst Securities Group, a broker-dealer that focuses on mortgage debt.

WSJ: Toxic? Says Who? Taste