1. Institutions place third market orders with broker-dealers registered to trade exchange-listed securities off the exchange floor.

2. A broker-dealer investigation in 2005 uncovered three violations of "best execution" rules.

3. But in the broker-dealer world, confidence and perception are critical, and if enough people believe you're going under, rightly or wrongly, the game is over – fast.

4. The government felt Lehman's broker-dealer business currently had enough liquidity to keep on running without bankruptcy, said people briefed on the matter.

5. MS.N) abandoned their broker-dealer model and became commercial banks last fall when panicky investors knocked out Lehman Brothers and Bear Stearns.

6. Peter Schiff, chief global strategist of broker-dealer Euro Pacific Capital, who has long promoted gold as an alternative investment, said the U.S. government bailout plan could backfire.

7. "I believe that gold will be below $1,000 an ounce in 2015," said Mark Luschini, chief investment strategist of broker-dealer Janney Montgomery Scott.

8. In a statement, Lehman said its filing for Chapter 11 in U. S. bankruptcy court will not affect its broker-dealer subsidiaries or other units.

9. If the banks fail to engineer satisfactory loopholes to protect their profitable broker-dealer operations, they will then face a daunting choice – to be or not to be a bank holding company.

10. While the priority remains staying an independent Wall Street broker-dealer, Morgan Stanley continues multiple merger and investment discussions, the source said.http://

11. Banks would be barred from owning and investing in private equity and hedge funds and would be forced to curtail many of their broker-dealer operations.

12. Having failed to buy all of Lehman, Barclays days later acquired its core U.S. broker-dealer out of Chapter 11 bankruptcy protection. Nomura bought European and Asian assets the following week.

13. Corzine, who helped run Goldman Sachs from 1994 to 1999, hired 800 employees in efforts to turn the broker-dealer into an investment bank.

14. The investment advisory business was operated by him alone, separately from the broker-dealer operations, according to the charges filed Thursday night.