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Home > Financial Services > Stock Brokers > Pwmco, Llc
Pwmco, Llc
Pwmco, 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.
At PWMCO, their focus is on Investment Advisory and Brokerage services. The Company is located in the Chicago, Illinois area.
Pwmco estimates the preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Payment for order flow is a common industry practice in which broker dealers receive monetary.
The Company is registered as a broker & dealer and an investment advisor with the Securities and Exchange Commission and is also a member of the National Association of Securities Dealers, Inc. The Company's principal business activity is the sale of securities and the rendering of investment advice. Organization of the Company, a limited liability company, was organized in the state of Delaware on January 15, 2003.
About securities, Marketable securities are valued at market value and securities not readily marketable are valued at fair value as determined by the Managers. The resulting difference between cost and market is included in income. Securities Transactions Commission revenue and related expense arising from securities transactions are recorded on a trade date basis, which is the same business day as the transaction date. Cash Equivalents, Cash equivalents are defined as certificates of deposit and U.S. government obligations with a maturity date of less than 90 days when purchased by the Company.
The Company has prepared this report pursuant to a United States Securities and Exchange Commission rule requiring all brokerage firms to make publicly available quarterly reports on their order routing practices Material Aspects of Relationships with Venues. As a member of the Chicago Stock Exchange and through correspondent relations with Broadcort, PWMCO can execute stock and option orders on all of the exchange floors and, as a member of the National Association of Securities Dealers, in the over the counter market.
PWMCO's foremost objective is to obtain the best executions for their clients, regardless of any compensation factor.
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