Argentus Securities Closes Its Doors

Posted on January 31st, 2014 at 10:00 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Argentus Securities, a small independent broker-dealer in Dallas, soon will withdraw its registration with Finra to exit the business. Industry sources cite as reasons (for this and other firms) are the tight profit margin in the business, rising costs for technology and compliance.

In addition, on the revenue side, small broker-dealers such as Argentus don't command six- and seven-figure payments from product companies such as variable annuities issuers.

The holding company, Argentus Partners, will continue to run a turnkey asset management program that many of its representatives and financial advisers use.

Argentus Securities operates two registered investment advisers, Argentus Advisors and Argentus Capital Management, with as many as 90 registered reps and a combined $1.23 billion in assets under management. The number of reps now has dwindled to about 30.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services. 

Related Attorneys: James J. Eccleston

Tags:

Return to Archive

TESTIMONIALS

Previous
Next

I am so glad I found you! Wow! I appreciate your help, concern and guidance.

RB

LATEST NEWS AND ARTICLES

December 23, 2024
Understanding Alternative Investments and Risk Management

Alternative investments once again are gaining traction, according to a recent article in InvestmentNews

December 20, 2024
FINRA Sanctions Over 60 Advisors for Continuing Education Violations

FINRA has disciplined 62 advisors for cheating on New York’s continuing education (CE) requirements tied to insurance license renewals. 

December 19, 2024
GPB Capital Investors See Progress as Court Confirms Receivership

In a significant development for investors in GPB Capital Holdings, the private equity firm will move into receivership following a prolonged legal battle.