Robert M. Frain

VELOCITY CLEARING

New York, NY 10038

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CRD#: 3144694

Professional summary

Robert Michael Frain, who also goes by Bob Frain, Bobby Frain, is a registered financial professional currently at VELOCITY CLEARING, LLC located in New York, New York.

Robert is registered as a RR (Registered Representative) and started their career in finance in 1998. Robert has worked at 15 firms and has passed the Series 63, Series 57TO, SIE, Series 3, Series 55, Series 7, Series 4 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Aliases

Bob Frain | Bobby Frain

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - BD

Click below to view Robert Michael Frain's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

December 7, 2023 - Present

VELOCITY CLEARING, LLC

Office #1: 199 Water Street 17th Floor, New York, NY 10038

CRD#: 126588

New York, NY

Past

December 2, 2022 - November 27, 2023

MATRIX EXECUTIONS, LLC

CRD#: 38455

Chicago , IL

Past

September 2, 2021 - September 8, 2022

GTS SECURITIES LLC

CRD#: 149224

NEW YORK, NY

Past

August 2, 2021 - August 8, 2022

MISCHLER FINANCIAL GROUP, INC.

CRD#: 37818

IRVINE, CA

Past

February 21, 2018 - July 23, 2021

CAPIS

CRD#: 7551

DALLAS, TX

Past

December 2, 2015 - March 22, 2017

BARDOWN CAPITAL LLC

CRD#: 158970

OLD TAPPAN, NJ

Past

November 27, 2015 - May 4, 2017

BAYES CAPITAL LLC

CRD#: 159644

OLD TAPPAN, NJ

Past

December 22, 2010 - November 6, 2013

VIRTU AMERICAS LLC

CRD#: 149823

CHICAGO, IL

Past

October 7, 2008 - January 3, 2011

KNIGHT DIRECT LLC

CRD#: 135924

JERSEY CITY, NJ

Past

October 7, 2008 - November 8, 2012

KNIGHT CAPITAL AMERICAS, L.P.

CRD#: 38599

JERSEY CITY, NJ

Past

March 30, 2006 - July 18, 2008

BANC OF AMERICA SECURITIES LLC

CRD#: 26091

CHICAGO, IL

Past

May 15, 2002 - March 2, 2006

WAVE SECURITIES, LLC

CRD#: 43705

CHICAGO, IL

Past

October 30, 2001 - December 31, 2001

SERVICE ASSET MANAGEMENT COMPANY

CRD#: 47157

AUSTIN, TX

Past

June 11, 1999 - October 15, 2001

KNIGHT CAPITAL MARKETS LLC

CRD#: 38379

PURCHASE, NY

Past

December 23, 1998 - May 27, 1999

MORGAN STANLEY DW INC.

CRD#: 7556

PURCHASE, NY

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Illinois
(1/11/2024)

New Jersey
(12/7/2023)

New York
(12/7/2023)

Texas
(12/7/2023)

Exams

State Security Law Exam

Series 63

Date: 9/10/2016

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 57TO

Date: 1/2/2023

Securities Trader Exam

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 3

Date: 8/13/2013

National Commodity Futures Examination

General Industry/Product Exam

Series 55

Date: 2/1/2000

Limited Representative-Equity Trader Exam

General Industry/Product Exam

Series 7

Date: 12/21/1998

General Securities Representative Examination

Principal/Supervisory Exam

Series 4

Date: 10/21/2024

Registered Options Principal Examination

Principal/Supervisory Exam

Series 24

Date: 5/24/2024

General Securities Principal Examination

SRO Registrations

Cboe BYX Exchange, Inc.

SRO Registrations

Cboe BZX Exchange, Inc.

SRO Registrations

Cboe EDGA Exchange, Inc.

SRO Registrations

Cboe EDGX Exchange, Inc.

SRO Registrations

Cboe Exchange, Inc.

SRO Registrations

FINRA

SRO Registrations

Investors' Exchange LLC

SRO Registrations

MEMX LLC

SRO Registrations

MIAX PEARL, LLC

SRO Registrations

NYSE Arca, Inc.

SRO Registrations

Nasdaq BX, Inc.

SRO Registrations

Nasdaq PHLX LLC

SRO Registrations

Nasdaq Stock Market

SRO Registrations

New York Stock Exchange

Current Firm

VELOCITY CLEARING, LLC

CRD#: 126588 / SEC#: , 8-65894

Broker-Dealer Firm Regulated by FINRA (Woodbridge district office)

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Contact information

Main Address

1301 Route 36 Suite 103, Hazlet, NJ 07730

Mailing Address

1301 Route 36 Suite 103, Hazlet, NJ 07730

Phone number

(201) 706-7157

Established

Delaware since 06/11/2010

Firm type

Limited Liability Company

Fiscal year end

December

Firm Size

Small

# of Employees

FINRA licenses (53 States and Territories)

Documents

Customer Relationship Summary (CRS / FINRA)

Direct owners and executive officers

Name	Position	CRD#
VCT HOLDINGS, LLC	SOLE MEMBER
BRACERO, FRANK WILLIAM	CHIEF FINANCIAL OFFICER/FINOP	2178318
CALICE, ROBERT PEER	CHIEF OPERATIONS OFFICER	2759949
CRAWFORD, LAURA LYNN	CHIEF COMPLIANCE OFFICER	2666224
LOGAN, MICHAEL JAMES	CHIEF EXECUTIVE OFFICER	5763098
SCHAEFFER, BRIAN KEITH	PRESIDENT	3063403

Disclosures

Regulatory Event

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Robert M. Frain

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - BD

Click below to view Robert Michael Frain's CRS (Customer Relationship Summary).

Certified licenses

Experience

MATRIX EXECUTIONS, LLC

GTS SECURITIES LLC

MISCHLER FINANCIAL GROUP, INC.

CAPIS

BARDOWN CAPITAL LLC

BAYES CAPITAL LLC

VIRTU AMERICAS LLC

KNIGHT DIRECT LLC

KNIGHT CAPITAL AMERICAS, L.P.

BANC OF AMERICA SECURITIES LLC

WAVE SECURITIES, LLC

SERVICE ASSET MANAGEMENT COMPANY

KNIGHT CAPITAL MARKETS LLC

MORGAN STANLEY DW INC.

State Registrations and Notice Filings

Exams

Series 63

Date: 9/10/2016

Series 57TO

Date: 1/2/2023

SIE

Date: 10/1/2018

Series 3

Date: 8/13/2013

Series 55

Date: 2/1/2000

Series 7

Date: 12/21/1998

Series 4

Date: 10/21/2024

Series 24

Date: 5/24/2024

Cboe BYX Exchange, Inc.

Cboe BZX Exchange, Inc.

Cboe EDGA Exchange, Inc.

Cboe EDGX Exchange, Inc.

Cboe Exchange, Inc.

FINRA

Investors' Exchange LLC

MEMX LLC

MIAX PEARL, LLC

NYSE Arca, Inc.

Nasdaq BX, Inc.

Nasdaq PHLX LLC

Nasdaq Stock Market

New York Stock Exchange

Current Firm

VELOCITY CLEARING, LLC

Contact information

FINRA licenses (53 States and Territories)

Documents

Direct owners and executive officers

Disclosures

Red Flags

Company Information

VELOCITY CLEARING, LLC

TRUST BUT VERIFY

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