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  3. FINRA approves Cowen’s KDC acquisition
Industry news

FINRA approves Cowen’s KDC acquisition


01 November 2012 New York
Reporter: Jenna Jones

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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.
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