12 events that shook the B-D biz in 2012
November 9
DeWaay Financial Network LLC becomes the latest IBD to shut down because of the costly fallout of investor lawsuits stemming from high-risk private placements. The firm faces two class actions, seeking a total of $15.2 million, from clients who bought securities of Diversified Business Services and Investments Inc., which filed for bankruptcy protection in 2008.
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