Broker Dealer

“Ever since, 2008, as Dodd-Frank came in, being enacted slowly over time, the dealer's balance sheets have just shrunk to be just a shell of what they once were. So They don't inventory bonds or many bonds anymore.”

“So there does need to be that disclosure, but there isn't a rule that says that. And every time somebody tries to introduce it, the broker-dealers basically lobby and kill it.”

“Getting the green light from the regulators to be able to do business in the United States takes at least about a year and a lot of money.”