Brokers and Dealers

Brokers and Dealers

Interested in becoming a broker for ERS? Begin the registration process.

Requirements for Brokerage Services

There are investment program opportunities for brokerage services that are available to firms who meet certain requirements:

  1. Firms must be in good standing with the Securities and Exchange Commission;
  2. Firms and their designated agents must be members in good standing with the Financial Industry Regulatory Authority (FINRA);
  3. Firms must be registered and in good standing with the Texas State Securities Board;
  4. Firms must demonstrate a proven, effective execution platform for institutional investors that has been utilized by the firm for a minimum of three years; their designated agents may not have to be registered so long as such designated agents are in good standing with the Texas State Securities Board;
  5. The firm or its executing broker and the clearing agent must each have minimum excess net capital of $2,500,000 and 
  6. Firms must demonstrate an ability to add value to the investment process.