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Three clearing firms face an uncertain future
BROKER-DEALERS and investment advisers don’t want to see their clearing firms in the headlines. They don’t mind the…
Penson boss: Rough patch ahead for retail-brokerage biz
Pendergraft believes that spooked investors could sap retail volume; 'extreme negativity in May'
Purchase price falls for Broadridge unit
Recent setbacks to Broadridge Financial Solutions Inc.'s Ridge business have driven down the price of the clearing unit's impending sale to Penson Financial Services Inc.
Broadridge to sell clearing business to Penson (Update)
Broadridge Financial Solutions Inc., the brokerage services firm spun off by Automatic Data Processing Inc., is selling its securities clearing business to Penson Worldwide Inc. and its Penson Financial Services Inc. subsidiary.
