NASD accepts Sonnenblick Goldman securities division.Sonnenblick Goldman Gold·man , Emma 1869-1940. Russian-born American anarchist. Jailed repeatedly for her advocacy of birth control and opposition to military conscription, she was deported to the Soviet Union in 1919. announced that SG Real Estate Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a wholly-owned subsidiary of the firm, has been formally accepted by the National Associations of Securities Dealers as a registered Broker Dealer. "This is an important moment for the firm," remarked Steven Ste´ven n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. Kohn, president of Sonnenblick Goldman. "Our transaction business has grown enormously in the last five years, both in terms of the volume and variety of business we are executing, and the creation of SG Real Estate Securities will allow us to deliver an even broader range of services to our clients." Sonnenblick Goldman had previously announced its desire to extend its existing real estate advisory business by providing placement agent services for investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company as well as becoming more involved in equity and debt products structured as securities. Douglas Hercher, president of SG Real Estate Securities and a managing director and principal of Sonnenblick Goldman, echoed Kohn's comments. He said, "Our client base includes many of the most sophisticated property owners and investors in the world, and all of them are thinking about ways to expand their businesses, raise capital more efficiently, and just generally take full advantage of the opportunities they see. In order to meet those demands, it was critical that we create a registered broker dealer." Sonnenblick Goldman has been laying the ground-work for its entree into this business for nearly 18 months. In November of 2004, Sonnenblick Goldman hired Dan MacDonnell, a 20-year real estate veteran who had previously worked in the real estate investment banking groups at Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Securities and Montgomery Securities. "I'm excited to be involved in building this new business," commented MacDonnell, who is registered with the broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal as a General Securities Principal. "Many of the senior professionals and partners in Sonnenblick Goldman have years of Wall Street experience, and the creation of SG Real Estate Securities will allow us to take advantage of that experience while still providing clients with the intense, real estate-focused effort that people associate with Sonnenblick Goldman." |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion