Series 26: Carrying Firms

Taken from our Series 26 Online Guide

Carrying Firms

Carrying firms, also called clearing firms, both handle customer orders and accounts and keep custody of the funds and securities of their customers. Carrying firms must have at least $250,000 in net capital.

XYZ Brokerage Firm, which was used in the previous example, would be considered a carrying firm, as it carr

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