Without the permit for operating securities business, neither the securities company nor its domestic branch institutions may operate securities business.

未取得经营证券业务许可证，证券公司及其境内分支机构不得经营证券业务。

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A branch that has been authorized to engage in securities business for the account of the securities company or securities asset management business may not engage in other businesses.

分公司经授权经营证券自营业务或者证券资产管理业务的，不得经营其他业务。

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Despite shedding its insurance underwriting and asset management units in the last year or so, Citigroup continues to operate in a stunning variety of businesses, from subprime mortgage lending and branch banking to investment banking, private equity and securities servicing.

FORBES: Weill Springs To Citi's Defense

They watch nearly 5, 000 brokerage firms, more than 163, 000 branch offices and in excess of 635, 000 registered securities representatives.

FORBES: All Phone Calls With Brokers In The UK Now Recorded; Coming Soon To Europe and America

To address those concerns, the bill gave executive branch employees a waiver from the requirement to disclose their stock or securities trades until September 30 to allow some additional time to determine the appropriate procedures for those officials.

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