FINRA approves Cowen’s KDC acquisition 01 November 2012New York Reporter: Jenna Jones
Image: Shutterstock
A source has confirmed that the US Financial Industry Regulatory Authority (FINRA) has approved Cowen Group's purchase of KDC Securities from Kellner Capital.
KDC Securities is the New York-based, securities lending business and broker-dealer subsidiary of hedge fund manager Kellner Capital.
KDC Securities will be rebranded as Cowen Equity Finance Group and will continue to be based in New York.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 