SMC Entertainment Inc (SMCE)

[Helter Skelter]

threewheeler, from the Feb 7 PR...

SMC Genesis Financial shareholder update on USA Expansion seeking to acquire Broker-Dealer and RIA business
Press Release | 02/07/2022
Charleston, SC, Feb. 07, 2022 (GLOBE NEWSWIRE) -- SMCE and its wholly owned subsidiary Genesis Financial are activity seeking acquisition opportunities within the USA. The Company recently engaged a banker to find accretive acquirable US based opportunities. SMCE has signed two term sheets and is currently conducting extensive due diligence on the potential acquisitions. It is expected that financial close of the initial transactions will occur within 60 days

Are we gonna become a RobinHood? :) https://robinhood.com/us/en/

SMCE A FINTECH COMPANY & STOCK



Explanation
A layman’s language broker-dealer is simply a person or a business firm who helps investors buy sell securities, offer them intelligent information regarding trade, and help them book profits while, in return, charge a certain amount of fees like commission, which are their main source of revenue generation. Nowadays, with the advent of technology, broker-dealers have also gone online where an investor without even speaking to them can buy, sell securities, and book profits, and in the same way as offline brokers here too, the marginal commission is deducted from the profit the investor makes. There is a thin line of difference between broker and dealer though; a broker supports security trade on behalf of the investor, a dealer, on the other hand, engages in trading activities on behalf of it.

Some more info >> https://brokerdealerforsale.com/whats-a-shell-broker-dealers/