What is COR Clearing?
COR Clearing is a full-service securities clearing firm for more than 60 independent broker-dealers and 90,000 customers. It has deposits of $470 million. “COR provides us with an experienced team and a solid foundation to grow our securities business,” Axos Financial CEO Greg Garrabrants said in a prepared statement.
Who owns axos clearing?
Axos Financial
In 2019, we became a subsidiary of Axos Financial, a NYSE-listed company with over $1 billion of capital.
What is the FINRA rule?
FINRA’s rules and guidance strive to protect investors and ensure the integrity of today’s rapidly evolving market. FINRA’s rules and guidance strive to protect investors and ensure the integrity of today’s rapidly evolving market.
What do clearing firms do?
A clearing corporation is an organization associated with an exchange to handle the confirmation, settlement, and delivery of transactions. Clearing corporations fulfill the main obligation of ensuring transactions are made in a prompt and efficient manner.
Is axos bank good?
Rates on its high-yield savings and money market accounts earn Axos a spot on Forbes Advisor’s Best Online Savings Accounts and Best Money Market Accounts. Axos also is named one of the Best Online Banks and Best Checking Accounts. Overall, Axos is one of the best choices for online full-service banking.
Who backs axos?
The checking account only requires a $50 initial deposit and charges no monthly maintenance fees. Customers also receive unlimited domestic ATM reimbursements. CashBack Checking. It’s rare to find a checking account that earns cash back, but that’s what you’ll find at Axos Bank.
What did axos used to be?
The company was founded by Jerry Englert and Gary Evans Lewis with $14 million of startup capital. It was incorporated in Delaware in 1999 as BofI Holding, Inc and began operations as Bank of Internet on July 4, 2000.
Who should be FINRA compliant?
FINRA has developed its own rules and regulations which must be followed by brokers and brokerage firms. FINRA requires all brokers to be licensed and registered. FINRA makes sure all brokers have passed their examinations, have the right qualifications, and satisfy continuing education requirements.
Who needs to be FINRA registered?
You must be registered with FINRA if you’re engaged in the securities business of your firm, which includes salespersons, branch managers, department supervisors, partners, officers and directors. You are required to pass qualification exams to demonstrate competence in your particular securities activities.