Is Quick and Reilly still in business?

Is Quick and Reilly still in business?

Perhaps it was inevitable: After a couple of years of ownership changes, management musical chairs and shifting business plans, Quick & Reilly has finally succumbed.

What happened to the Quick and Reilly accounts?

Fleet Financial Group Inc. agreed to acquire Quick & Reilly Group Inc., the nation’s third-largest discount brokerage firm, for nearly $41 a share in stock, or about $1.6 billion. The acquisition by Boston-based Fleet comes amid sweeping consolidation on Wall Street.

When did Bank of America acquire Quick and Reilly?

1998
Banc of America Specialist is the amalgam of several mergers, including Bank of America’s purchase of FleetBoston Financial in 2004, which brought it Fleet Specialist. Fleet bought Quick & Reilly in 1998.

What does finra stand for?

The Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States.

Does FINRA report to the SEC?

The self-regulatory FINRA can only impose its rules on members, and it is responsible for regulating and licensing broker-dealers. FINRA is also under the purview of the SEC.

What is an 8210 letter?

If you receive a Rule 8210 letter, it simply means that FINRA is requesting documents, information, or testimony from you regarding an investigation of a broker-dealer or a person registered or associated with a broker-dealer. It is important to note that you may or may not be the subject of the examination.

What is a FINRA letter?

FINRA publishes letters or summaries of its letters in response to requests for exemption. We do this to assist industry professionals in understanding the rationale for our decisions. FINRA has not attempted to publish letters covering every rule for which an exemption can be granted.