It would also require those having custody of client assets to be bonded.
It had $47.5 million of client assets at risk with Madoff.
Professional investment managers generally are compensated based on the volume of client assets under management.
With over 15,000 financial advisors and $2.2 trillion in client assets, it is the world's largest brokerage.
The company currently oversees $60 million in client assets.
Total client assets under management are approximately $412 billion.
The firm's client assets under management would increase to $20 billion from $5 billion.
The Company has over 2,700 financial advisors with approximately $75 billion in client assets.
In 2003, this division managed $193 billion in client assets and made $205 million of profit.
The study, based on data from 26 leading private banks, showed an 8 percent average decline in client assets.
