Search results
Results from the WOW.Com Content Network
Ten stock exchanges closed after the SEC was created, while others decided to stop trading in securities. [1] The National Stock Exchange ceased trading operations on May 30, 2014, bringing the number of active stock exchanges in the United States to 11.
A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee.In most countries they are regulated as a broker or broker-dealer and may need to hold a relevant license and may be a member of a stock exchange.
Benjamin Franklin Edwards III (October 26, 1931 – April 20, 2009) was an American stockbroker who expanded A. G. Edwards, a brokerage firm founded by his great-grandfather, from a regional firm to a nationwide stockbroking powerhouse, building it into the largest American brokerage firm headquartered outside of New York City. [1]
It was the first St. Louis brokerage to handle transactions on the New York Stock Exchange, buying a seat on the NYSE in 1898. [3] Due to increased capital needs for its branch system, A.G. Edwards was among the first brokerage firms to go public. In November 1971, 445,000 shares of stock were offered to the public at $12 a share. [4]
The Open Board of Stock Brokers was an early regional stock exchange in the United States. It was established in 1864, "to profit from the economic and investment boom sparked by the Civil War." [1] The old Open Board of Stock Brokers was located at 16 and 18 Broad Street, now the site of the New York Stock Exchange Building. [2]
To make a trade, an investor had to know the current price for the stock. The investor got this from a broker who could find it on his board. If the last trade (or the stock itself) had not made it to the board (or there was no board) the broker telegraphed a request for the price to that firm's "wire room" in New York.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Wachovia Securities grew through the mergers of multiple companies. Its oldest predecessor company, Leopold Cahn & Co. was founded in 1879. One of main Wachovia Securities' predecessor companies was founded in 1934 as the investment firm of J.C. Wheat & Co. Wheat fostered growth through mergers, including the 1971 merger with First Securities that created Wheat First Securities, Inc. and the ...