THE FULL LEDGER — 48 NUMBERED ENTRIES

Five books, forty-eight entries posted in order.

Every entry below names one category in our registered business scope, posted under one of five books: BOOK P for principal dealing, BOOK C for client-paid counsel, BOOK M for fund and trust management, BOOK T for fiduciary custody, and BOOK X for exchange infrastructure.

BOOK P · 9 C · 6 M · 10 T · 8 X · 15
// BOOK P — THE PRINCIPAL ACCOUNTS

Entries L-01 – L-09 · dealing for our own account.

Categories where the company acts as principal — investing, speculating, or dealing for its own account rather than executing for customers.

BOOK P — PRINCIPAL / OWN ACCOUNT

L-01–L-09
L-01Individuals investing in financial contracts on own accountOWN-ACCT
L-02Investment clubsCLUB
L-03Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)ROYALTY
L-04Mortgage dealers, buying and sellingMORTGAGE
L-05Oil royalty dealing (i.e., acting as a principal in dealing royalties to investors)ROYALTY
L-06Securities speculators for own accountOWN-ACCT
L-07Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)TAX-LIEN
L-08Venture capital companiesVENTURE
L-09Viatical settlement companiesVIATICAL
// BOOK C — THE COUNSEL ACCOUNTS

Entries L-10 – L-15 · advice the client pays for.

Customized planning and advisory categories — every one billed directly to the client, none wrapped into a product sale.

BOOK C — CLIENT-PAID COUNSEL

L-10–L-15
L-10Certified financial planners, customized, fees paid by clientFEE-ONLY
L-11Financial investment advice services, customized, fees paid by clientFEE-ONLY
L-12Financial planning services, customized, fees paid by clientFEE-ONLY
L-13Investment advice consulting services, customized, fees paid by clientFEE-ONLY
L-14Investment advice counseling services, customized, fees paid by clientFEE-ONLY
L-15Investment advisory services, customized, fees paid by clientFEE-ONLY
// BOOK M — THE MANAGEMENT ACCOUNTS

Entries L-16 – L-25 · pools run under mandate.

Discretionary management categories — funds, trusts, and portfolios run under mandate.

BOOK M — FUND & TRUST MANAGEMENT

L-16–L-25
L-16Investment managementMANDATE
L-17Managing investment fundsFUND
L-18Managing mutual fundsFUND
L-19Managing personal investment trustsTRUST
L-20Managing trustsTRUST
L-21Mutual fund managingFUND
L-22Pension fund managingPENSION
L-23Personal investments trusts, managingTRUST
L-24Portfolio fund managingPORTFOLIO
L-25Private equity fund managingPE
// BOOK T — THE TRUST ACCOUNTS

Entries L-26 – L-33 · custody and fiduciary duty.

Holding and administering for others — estates, escrow, custodianship, and nondepository trust work.

BOOK T — FIDUCIARY & CUSTODY

L-26–L-33
L-26Administrators of private estatesESTATE
L-27Bank trust officesTRUST
L-28Escrow agencies (except real estate)ESCROW
L-29Fiduciary agencies (except real estate)FIDUCIARY
L-30Personal investments trust administrationTRUST-ADM
L-31Securities custodiansCUSTODY
L-32Trust administration, personal investmentTRUST-ADM
L-33Trust companies, nondepositoryNONDEP
// BOOK X — THE EXCHANGE ACCOUNTS

Entries L-34 – L-48 · the machinery behind the markets.

Market infrastructure — clearing, transfers, quotations, record custody, crowdfunding rails, and virtual-currency clearing.

BOOK X — EXCHANGE INFRASTRUCTURE

L-34–L-48
L-34Business start-up fundraising using a crowdfunding platformCROWDFUND
L-35Clearinghouses, commodity exchange or securities exchangeCLEARING
L-36Deposit brokersBROKER
L-37Exchange clearinghouses, commodities or securitiesCLEARING
L-38Gas lease brokers' officesLEASE
L-39Oil lease brokers' officesLEASE
L-40Protective committees, security holdersPROTECTIVE
L-41Quotation services, securitiesQUOTES
L-42Quotation services, stockQUOTES
L-43Securities holders' protective servicesPROTECTIVE
L-44Securities transfer agenciesTRANSFER
L-45Stock quotation servicesQUOTES
L-46Stock transfer agenciesTRANSFER
L-47Transfer agencies, securitiesTRANSFER
L-48Virtual currency trading exchange clearinghousesCLEARING
// THE BOOKS BALANCE

L-48 closes the ledger. Have a question for the desk?

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