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Penson Worldwide Inc. Files for Bankruptcy in Delaware
Penson Worldwide Inc., a provider of financial clearing services and related operational and technology products, filed for bankruptcy in Delaware with a plan to liquidate its business.
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Penson Worldwide, Inc. Appoints Robert S. Basso as Independent Director
DALLAS--(BUSINESS WIRE)--The Board of Directors of Penson Worldwide, Inc. (NASDAQ: PNSN) announced the appointment of Robert S. Basso, 66, a highly experienced securities industry executive with extensive knowledge of the clearing business, as ...
Penson Worldwide, Inc. to Sell Australian Operation to BNY Mellon's Pershing Unit
SYDNEY & DALLAS--(BUSINESS WIRE)--Penson Worldwide, Inc. (NASDAQ: PNSN) and BNY Mellon Company (NYSE: BK) announced today that they have signed a definitive agreement for the acquisition of Penson's Australian subsidiary, Penson ...
SEC says ex-Penson execs violated securities lending rule
NEW YORK May 19 The U.S. Securities and Exchange Commission charged four former officials at a Penson Worldwide Inc unit with violations of a post-financial crisis rule on securities lending that was designed to help markets function by ensuring that ...
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Broker Penson Gets Nod For Ch. 11 Liquidation Plan
Law360, Wilmington (July 31, 2013, 6:40 PM ET) -- A Delaware bankruptcy judge on Wednesday confirmed defunct broker-dealer Penson Worldwide Inc.'s Chapter 11 liquidation plan, allowing the company and its affiliates to distribute the proceeds realized ...
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Apex Clearing to buy Penson US securities acct's
Penson Worldwide Inc. PNSN and Peak6 Investments L.P. unveiled the formation of Apex Clearing Corp., a new privately held clearing services firm that will acquire Penson's U.S.
Penson clearing out of US clearing industry  InvestmentNews
Penson, BDO Seidman Settle Margin Loan Suit For $6.5M
Law360, New York (August 27, 2013, 4:33 PM ET) -- A Texas federal judge said Friday that defunct securities clearing broker Penson Worldwide Inc. and accounting firm BDO Seidman LLP can pay $6.5 million to settle investor class action allegations that ...
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Penson Financial Services Names Andrew Konchan as Chief Information Officer
DALLAS--(BUSINESS WIRE)--Penson Worldwide, Inc. (NASDAQ: PNSN) announced today that its US securities clearing unit, Penson Financial Services, Inc. (PFSI), named Andrew Konchan as Chief Information Officer. Mr. Konchan, 39, most recently was ...
Bankrupt Broker Penson Gets $10.5M For Tech Wing
Law360, Wilmington (March 26, 2013, 6:40 PM ET) -- A Delaware bankruptcy judge on Tuesday signed off on Penson Worldwide Inc.'s $10.5 million sale of Nexa Technologies Inc. to a Canadian financial services cooperative, allowing the defunct broker ...
Three clearing firms face an uncertain future
“Nobody says, "I had a great train ride today,'” said Bing Waldert, a director at Cerulli Associates Inc. “You only take notice of them when something bad happens.