Broker-dealers: Firms that have shuttered since 2010

More than 2,500 reps have been displaced as private placements have wreaked havoc on more than a dozen B-Ds

Jun 1, 2011 @ 3:22 pm

  
Firm Story date (click to read full story) Estimated reps (as of story date)
MCL Financial June 15, 2011 44
WFP Securities June 3, 2011 48
Omni Brokerage Inc. June 1, 2011 50
Securities Network Inc. May 24, 2011 N/A
Ensemble Financial Services Inc.* Feb. 24, 2011 85
QA3 Financial Corp. Feb. 11, 2011 400
Brewer Financial Services Inc. Nov. 1, 2010 87
United Equity Securities LLC Aug. 12, 2010 60
Great American Advisors Inc. July 12, 2010 500
Chicago Investment Group June 28, 2010 90
Jesup & Lamont June 21, 2010 300
Cullum & Burks Securities Inc. June 16, 2010 100
GunnAllen Financial Inc. June 14, 2010 400
Okoboji Financial Services Inc. May 28, 2010 20
MICG Investment Management LLC May 12, 2010 40
AFA Financial Group LLC Apr. 30, 2010 100
Nationwide Securities LLC Apr. 1, 2010 200
Provident Asset Management LLC Mar. 18, 2010 50
  Total 2,574
N/A=not available *Only B-D operations will be shuttered. RIA unit will remain open

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