Mon, June 11, 2012
Sat, June 9, 2012
[ Sat, Jun 09th 2012 ]: Market Wire
NAREIT's Investor Forum
Fri, June 8, 2012
Thu, June 7, 2012
Wed, June 6, 2012
Tue, June 5, 2012
Mon, June 4, 2012
Sun, June 3, 2012
Sat, June 2, 2012
Fri, June 1, 2012
[ Fri, Jun 01st 2012 ]: Market Wire
Foxby Corp. Declares Dividend

Apex Clearing To Begin Operations on June 6

  Copy link into your clipboard //business-finance.news-articles.net/content/201 .. apex-clearing-to-begin-operations-on-june-6.html
  Print publication without navigation Published in Business and Finance on by Market Wire
          🞛 This publication is a summary or evaluation of another publication

DALLAS--([ ])--Apex Clearing Corporation today announced the completion of the previously announced acquisition of the correspondent and customer accounts and contracts of the U.S. securities division of Penson Financial Services, Inc., a subsidiary of Penson Worldwide, Inc. (NASDAQ: PNSN). The company will begin operations on June 6.

"We are committed to deploying sophisticated risk management tools and technology to create an efficient clearing operation."

The company also announced that Michael D. Chochon joined Apex Clearing as Chief Financial Officer. Mr. Chochon most recently served as Chief Financial Officer of Penson which he joined in March 2012. Mr. Chochon has more than 13 years of experience as a financial officer in the brokerage industry including prior roles as a senior finance and risk management officer at TD Ameritrade and E*Trade.

aWe are pleased that we were able to complete this transaction quickly and ensure stability and continuity for our customers and for the financial markets,a said Danny Rosenthal, Chief Executive Officer of Apex Clearing. aWe are committed to deploying sophisticated risk management tools and technology to create an efficient clearing operation.a

Apex Clearing provides clearing services covering approximately 230 U.S. based securities correspondents and one million customer accounts.

Additional details of the closing will be provided in Penson filings with the Securities and Exchange Commission.

About Apex Clearing

Apex Clearing is an independent, privately held clearing services firm with the capital position and enhanced leadership, technology, and risk management expertise necessary to provide ongoing, sustained support of its customersa clearing needs.