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Home > Financial Services > Stock Brokers > Scarsdale Equities Llc
Scarsdale Equities Llc
Scarsdale Equities Llc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
Scarsdale Equities LLC was named in honor of Robert H. Brimberg who passed away in 1993. He was known on Wall Street as Scarsdale Fats, a nickname given by a Boston banker and immortalized in the classic book The Money Game by Adam Smith, which was first published in 1967, and is still in print. Starting in the 1960s he developed a close network of investment professionals by hosting regular luncheons where guests could air their ideas in a neutral forum on various investment subjects for comment and censure by their peers.
The firm’s main services such as institutional equity brokerage, optional account management, investment banking, and start-up consulting and advisory services for money managers. The firm does not publish buy/sell/hold recommendations on securities as a matter of policy. Investment professionals may place some of their equity trades through them which they typically execute on an agency basis. They execute trades on major exchanges, through electronic communications networks, and crossing networks.
They provide suggestions to their customers depending upon their ability and willingness to assume the risks involved. Before making a decision, customers will meet their in-house managers and investment professionals within their network as appropriate.
They visit the company to meet with management and start the due industry process, which typically includes review of production processes, distribution capabilities and corporate records. If a certain comfort level can be achieved they formally review the idea internally before discussing the idea with their wider network of investment professionals. If they get comfortable with the investment merits of a possible securities issuance and if they have located sufficient demand for the securities within their network they may eventually act as a placement agent. They have regulatory authority to serve as an underwriter, but in recent years marketplace conditions have generally marginalized the good looks of serving in that capacity.
Their network of investment professionals consists of money managers who manage individual accounts, hedge funds and mutual funds.
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