Publisher New York Institute of Finance (former training arm of the NYSE) has another hit book here!This book steps you through a fictional stockbrokerage firm: "Stone, Forrest & Rivers" and leaves nodepartment out except the one we know so well: Sales.
You find out aboutthe business of the Purchase & Sales department, Margin Department,Reorg Dept. and several others.This is the easy way for a newcomer to thesecurities industry to find out how the firm actually runs.
When I was astudent at NASD "Phase" classes--training designed to get newexaminers (the NASD is the largest regulator of the securities industry,with more examiners than even the US SEC) up to speed quickly on theworking details of the stock brokerage and investment banking industry--Inoticed an earlier edition of this book in the bookshelf in the classroom. I asked about it because another, veteran examiner told me to get the book. The training instructor said "There is no other book like it. ..""It is the best there is for covering the entire operationsof the back office of a stockbroker".
It is no wonder this book is ahit with Lehman Bros. or with CPA firm Deloitte & Touche (they need toaudit stockbrokerage firms). If you are only investing, you don't need thisbook, but if you are charged with running a broker-dealer or auditing it,then this is the book to get you up to speed quickly!
Click Here to see more reviews about: After the Trade is Made: Processing Securities Transactions, Second Edition (Hardcover)
The author addresses appraisal subjects in the terms and in a context that an appraiser normally communicates.He provides adequate legal explanations and court case reference, so, the appraiser can communicate with their legal counsel & clients.It is extremely insightful for all who are doing any type of court or property tax appraisals.It is slanted to condemnation assignments, however, the appraisal & legal principals are enunciated clearly enough that, they are easily extended to property tax and estate appraisal assignments.It has been helpful to my work my Ad Valorem assignments.
