FINRA approves Cowen’s KDC acquisition
01 November 2012 New York
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 Â鶹ӰÊÓ´«Ã½ Group and will continue to be based in New York.
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 Â鶹ӰÊÓ´«Ã½ Group and will continue to be based in New York.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Â鶹ӰÊÓ´«Ã½ Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Â鶹ӰÊÓ´«Ã½ Times