Broker compensation

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Oct 27, 2005 5:59 pm

I got a question on compensation, if you are a independent Broker for a B/D and get paid out your commissions every month. What is the rule for compensation of Idependent reps, does the B/D 1099 you as an individual or can the B/D 1099 you as a DBA (doing business as), broker dealers have to pay registered individuals or entities. Does anyone know ?????