June 22, 2010
FINRA Tells Jesup & Lamont to Shut Down Brokerage Firm
FINRA said that retail securities firm Jesup & Lamont Securities Corp. is out of compliance with net capital rules and ordered it to cease business. J&L disputes the finding. InvNews, 300 reps in limbo as Jesup & Lamont Securities slips below net-cap requirements.
Investment News also has a timeline of broker-dealer firms that have shut down recently and reports that in 2005 there were 5111 broker-dealers registered with FINRA, compared with 4693 today, an 8.2% decline.
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I have restricted and unrestricted stock with Jesup and Lamont. I cant contact anyone at the company to transfer stock.
Is there a number I can call
Posted by: Adam | Aug 20, 2010 9:30:52 AM