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12/15/15

Salman Partners

Word is that Salman Partners is no more, victim of the commodities downturn. Today they closed shop, apparently.

There will be more.

UPDATE post close: Yup.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2015) - It is with regret that Salman Partners Inc. announces that it intends to voluntarily resign from its membership with Investment Industry Regulatory Organization Of Canada (IIROC). Accordingly, we will cease carrying on operations as a registered investment dealer on February 15, 2016.
Industry conditions have made it extremely difficult for independent dealers to remain profitable. In this environment, Salman Partners has made the decision to voluntarily resign from IIROC. Arrangements have been made to ensure an orderly transition of all client accounts to alternative registered dealers and clients will be receiving information on those transfers shortly.
Salman Partners has been in business for 22 years and during that period, we were members of syndicates that raised over $20 billion dollars for over 400 issuers. As a research driven firm, Salman Partners trained over 50 analysts, many of whom are currently employed as analysts, fund manager or corporate executives globally.

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