OMAHA, Neb.--(BUSINESS WIRE)--Legent Clearing, LLC, the leading independent correspondent clearing firm, announced today that it has changed its name to COR Clearing LLC. The company will begin operating under the new name effective immediately.
"We are proud to place the COR brand on the COR Clearing franchise,” said Carlos P. Salas, President of COR Clearing and CFO of its parent, COR Securities Holdings, Inc. "The COR brand expresses the organization we have built — a highly professional, well-capitalized financial services firm focused on the success of our clients. The brand clarifies that COR Clearing has access to the full resources of its parent COR Securities, including capital support, expert personnel, and the counsel of the respected industry veterans on our team."
COR Clearing will continue to service its existing client base, principally regional broker-dealers, and will retain its memberships with industry organizations such as FINRA, SIPC, and others.
About COR Clearing LLC (www.corclearing.com) — COR Clearing, based in Omaha, Nebraska, is a FINRA member firm providing securities clearing and other services to correspondent FINRA member firms. Its current client correspondent roster includes more than 75 broker/dealers. Securities clearing and settlement is the process of matching, recording and processing transaction instructions and exchanging payment between counterparties for broker/dealers and their clients making securities trades.
About COR Securities Holdings, Inc. (www.corsecurities.com) — COR Securities Holdings, Inc. is a private investment firm focused on the financial services space and providing management and advisory services to its portfolio companies. COR’s investment professionals have significant experience structuring, underwriting, and financing transactions for companies primarily in the financial services, real estate and energy sectors.