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BCS Global Markets, one of the largest securities brokers on Moscow Exchange (MOEX) has moved closer towards its acquisition of New York-based broker dealer, Alforma Capital Markets, Inc, per a recent BCS statement.
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Alforma Capital Markets has been pursuing its bid for acquisition by garnering formal approval from the largest independent regulatory group in the US, the Financial Industry Regulatory Authority (FINRA). The recent approval has helped facilitate the takeover, which now has eliminated the last of the requisite ... (read more)