If the Banks fail to engineer satisfactory loopholes to protect their profitable broker-dealer operations, they will then face a daunting choice - to be or not to be a bank holding company.

如果这两家银行找不出法律的空子，保住赚钱的经纪交易业务，它们未来将面临一个无奈的选择——保留，还是放弃银行控股公司的身份。

youdao

In 2008, the company withdrew its broker-dealer registrations.

2008年，这家公司撤销了券商登记。

youdao

Included among the covenants of the credit agreement was a requirement that Knight maintain certain levels of capital for its broker-dealer subsidiaries, which the company might be unable to meet, following the three-day settlement of its erroneous trades, without securing additional capital from outside.

FORBES: Knight Needs More Than Loan Armor

Are the MF Global holding company trustee Louis Freeh and the broker dealer SIPA trustee James Giddens ever going to investigate JP Morgan and MF Global auditor PwC?

FORBES: MF Global: It's Not Over Until It's Over

The company was recently cited by Gartner as the only true cloud broker dealer.

FORBES: Getting Plugged Into the Silicon Valley Startup Scene