The Australian Securities and Investments Commission has permanently banned former Patersons Securities WA state manager Lewis Fellowes from providing financial services after finding he had transferred about $1.5 million of clients’ funds into his own accounts.
Tolhurst Group has unveiled that its stockbroking business will be sold for some $2 million to Patersons Securities, in what is a dramatic fall on the value of the deal after it was revealed earlier this year.
TALK of further consolidation among stock broking firms has come to pass with Patersons Securities unveiling its latest merger deal, with Melbourne-based Tolhurst Group, this week.
One month after announcing it will merge with Perth firm Montagu Stockbrokers, Patersons Securities has reached agreement to buy the stockbroking business of listed company Tolhurst Group for some $7 million.
NATIONAL stockbroking firm, Tolhurst, has moved to acquire investment bank InterFinancial Holdings, just three months after Brisbane-based Interfinancial signed a corporate alliance with Perth stock b
Melbourne-based stockbrokers Tolhurst Ltd has moved to acquire investment bank InterFinancial Holdings Ltd through an cash and scrip deal, just three months after the Brisbane-based firm signed a corporate alliance with Perth's Montagu Stockbrokers.
21 Mar 2007
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