Broker-Dealers perform securities sales and purchases for commission. These agencies – often known as brokerages – are federally regulated and monitored. However, states also regulate securities firms and may have their own licensing process, if not additional fees brokers must pay on top of their federal licensing costs.
Once the home of numerous large national corporations, Rochester has evolved into a center of learning, science and innovation. Twelve colleges and universities in and around Rochester form a consortium of academic institutions. Collaborations between universities and local industry have led Rochester to become the foremost center of imaging technology. For an entrepreneur wanting to enter this high-tech, highly educated world, setting up shop isn't too difficult. Although the city and state have significant licensing regulations, Rochester makes its application processes clear and easy.