Rodman & Renshaw Changes Names, Strategy, and Management
In a conference call today, broker-dealer Rodman & Renshaw Capital Group announced two major changes: one expected and one not.
Months ago, the firm announced that it would be changing its name and business model pursuant to shareholder approval at the May 4 annual stockholder meeting. With that approval given, Rodman & Renshaw Capital Group will become Direct Markets Holdings Corp. on June 1. It will trade on Nasdaq under the ticker symbol MKTS.
As part of its transformation, it is also
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