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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]
McD was organized as a partnership until it went public on July 20, 1983. [2] The IPO increased McD's capital from $6 million to $24 million, with 80% of the stock held by the former partners of the partnership. In December 1990, McD acquired S. J. Wolfe & Co., a stock brokerage firm and an over-the-counter trading operation. [3]
In May 2010, the U.S. Securities and Exchange Commission (SEC) filed a federal case against two former brokers of WGS, accusing them of having raised approximately $14,800,000 through the offer and sale of promissory notes as part of an illegal Ponzi scheme in Ohio and Florida between September 2005 and December 2008. [15] [16] [17] [18]
American stockbrokers, regulated brokers, broker-dealers, or registered investment advisers (in the United States) who may provide financial advisory and investment management services and execute transactions such as the purchase or sale of stocks and other investments to financial market participants in return for a commission, markup, or fee, which could be based on a flat rate, percentage ...
It is a licensed securities broker-dealer and a registered futures commission merchant, and is also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. The company’s technology subsidiary, TradeStation Technologies, Inc., develops and offers ...
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.
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]
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 ...