Registered: Dec 1999
05-29-11 02:21 AM
Quote from wilburbear:
[QUOTE]Quote from IB-AN:
The term 'generally' is used as certain eligible investors referred to as Qualified Institutional Buyers or, QIBs, are not subject to this restriction. [/QUOTE
I was a BD for more than 10 years. How do I become a QIB?
here's the rule:
basically you need to have to be an entity with $100 million under management or a broker dealer with $10mm under mgmt managing other QIB's funds.