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The Rocky Regulatory Road: Survival of the Small Broker Dealer

Traders Magazine, May 2005

Nina Mehta

The regulators' push to clean up abuses in the brokerage industry is having an unexpected result - it is hurting the smaller brokerages, many of which are now struggling to survive. "For many smaller brokers, the challenge is to keep up with the avalanche of rules and regulations issued in the last few years," says William Alsover, Jr., chairman of Centennial Securities Company, a full-service broker dealer in Grand Rapids, Mich. "This has caused severe strains."

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