Partnering with Enclave allows foreign brokers to distribute research to and accept orders for foreign securities from U.S. institutional investors without registering in the U.S. as a broker-dealer, through an exemption provided by SEC Rule 15a-6.
By establishing a Rule 15a-6 relationship with Enclave, you are accessing the largest capital market in the world.
Enclave provides immediate contact with a broad range of U.S. institutional investors, and coordinates calls and meetings so your clients and research analysts can stay connected and current.
Enclave provides a single portal for investors to access research and to route purchase and sale orders between counterparties.
Partnering with Enclave allows you to conduct business under your own name, creating brand awareness and strengthening existing relationships.
Enclave assists issuers in raising debt and equity capital through its extensive institutional client network.
Enclave connects foreign brokers to the U.S. market through Rule 15a-6.
Foreign Brokers are Required to Register with the SEC
Foreign brokers are prohibited from providing brokerage, investment banking or other financial services in the U.S. without registering with the Securities and Exchange Commission (the “SEC”). Registration with the SEC requires a significant amount of management time, attention and resources. The compliance, capital and other requirements of registration are complex and expensive.
Exemption Under Rule 15a-6 Allows Foreign Brokers to Trade in the U.S.
Enclave provide all the benefits of have an SEC-registered broker-dealer without the tedious and expensive application process, capital requirements and on-going costs.
Through the SEC Rule 15a-6 exemption, a foreign bank or broker-dealer can establish a correspondent relationship with Enclave to distribute research and trade with large U.S. financial institutions.
Sign in to find information on Regulation 15a-6, relevant U.S. regulatory information and news, documentation for new account opening and other resources.
