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There are different types of brokerages, each offering varying levels of service: Full-service brokerages provide a range of services including investmentadvice, research, and retirement planning, such as Merrill Lynch. A brokerage is a firm that connects buyers and sellers to facilitate a transaction. If a match is found (i.e.,
The Volcker Rule also imposes restrictions on banks’ investments in hedge funds and privateequity funds, as a preventative to conflicts of interest and to ensure that banks prioritise the interests of their clients and shareholders.
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