Question

in florida, who or what entity must keep records of all funds deposited into the custodial or trust account that indicate the date and from whom the broker received the funds, the date deposited, the date any withdrawals are made, and other necessary information?

Answer 1

In Florida, the broker must keep records of all funds deposited into the custodial or trust account that indicates the date and from whom the broker received the funds, the date deposited, the date any withdrawals are made, and other necessary information.

The broker could be a firm or any individual between investors and the security exchange. An individual or investors require the broker because the security exchange accepts orders from the members of those exchanges.

The service provided by brokers is compensated as fees, commissions, or any other exchange. Discount brokers usually work for their clients but do not suggest any advice related to their funds investment. Full-service brokers work for the client and provided investment advice as well.

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