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Freedom Buys American Broker
22.12.2020 19:36
Freedom Buys American Broker

Freedom Holding Corp. (parent company of the Russian broker Freedom Finance), after the approval of the application for the right of permanent membership by the Financial Institutions Regulatory Agency (FINRA), acquired the brokerage and dealer company Prime Executions Inc. (a member of the NYSE and NASDAQ stock exchanges).

      As the company says, membership in FINRA and the purchase of an American broker gives Freedom Holding direct access to US exchanges and the ability to serve American investors. Broker Prime Executions was founded in 1986. Freedom Holding is acquiring the company's outstanding shares from Andrew Silverman and Daniel Tandy, who will continue to serve on the company's board of directors. 

      "Freedom Finance" was founded in 2010. Freedom Holding shares are listed on NASDAQ, market capitalization exceeds $ 1.5 billion. The group is doing business in Russia, Kazakhstan, Uzbekistan, Kyrgyzstan, Germany, Cyprus and Ukraine.

Author: Anna Dorozhkina

Tags: Russian companies     

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