$MGHL G.research One Corporate Center Rye, NY 10580-1422 914-921-5150
EMAIL: email@example.com Morgan Group Holding Company is a publicly traded fully reporting holding company . G.Research is now a part of Morgan Group Holding Company as of October 31, 2019
Associated Capital ($AC) owns 83% shares of Morgan Group Holding Company.
G. Research, LLC provides institutional research services and earns brokerage commission revenues
and sales manager fees on a trade-date basis from securities transactions executed on an agency basis on behalf of institutional
clients and mutual funds, private wealth management clients and retail customers of affiliated companies.
It has also been involved in syndicated underwriting activities that included public equity and debt offerings managed by major
investment banks. Underwriting fees include gains, losses, selling concessions and fees, net of syndicate expenses,
arising from securities offerings in which G.research acts as underwriter or agent and are accrued as earned
G.research alsoprovides institutional investors and investment partnerships with investment ideas on numerous
industries and special situations, with a particular focus on small-cap and mid-cap companies.
Commission revenueand related clearing charges are recorded on a trade-date basis and are included in institutional research services
andother operating expenses, respectively, on the consolidated statements of income.
G.Research is a registered broker-dealer,and is subject to the SEC Uniform Net Capital Rule 15c3- 1 (the “Rule”), which specifies, among other
requirements, minimum net capital requirements for registered broker-dealers. G.research computes its net capital under the alternative
method as permitted by the Rule, which requires that minimum net capital be the greater of $250,000 or 2%
of the aggregate debit items in the reserve formula for those broker-dealers subject to Rule 15c3-3.
G.research, LLC is exempt from Rule 15c3- 3 pursuant to paragraph (k)(2)(ii) of that rule which exempts all customer transactions cleared through
another broker -dealer on a fully disclosed basis. In addition, our assets at the clearing broker-dealer are treated as allowable assets
for net capital purposes as we have in place Proprietary Accounts of Introducing Firms and Dealers (“PAIB”) agreements pursuant to
Rule15c3-3.These requirements also provide that equity capital may not be withdrawn, advances to affiliates may not be made or cash dividends paid if certain minimum
net capital requirements are not met. G.research, LLC, an institutional research and brokerage firm, is a subsidiary of Associated Capital Group, Inc. (NYSE:AC).
G.research is the marketing name for the registered broker dealer G.research, LLC.
G.research, LLC, One Corporate Center Rye, NY 10580. Member of FINRA and SIPC CEO V-Amabile bought 5,000,000 Shares of $MGHL upon Closing of October 31, 2019 Total Outstanding Shares is 50,000,000
Float is 2,500,000 Shares
President & CEO Vincent M. Amabile Vincent Amabile, a Manhattan resident and graduate of Fairfield University, joined the trading desk of G.research in 2003. Previously, he worked for
Herzog Heine Geduld and Merrill Lynch as an equity trader. In his new role, Mr. Amabile will be responsible for all of the firm’s institutional
research sales and trading initiatives, and will lead the firm’s effort to expand the company’s client base.
Cornelius V. McGinity
Mr. McGinity has been President of G.research since 2012. Previously he was a Managing Director, Institutional Sales at Knight Capital Group for
fifteen years. Prior to joining Knight, he was an institutional sales trader at Cantor Fitzgerald from 1994-1997; and an equity trader with
several wire houses, including Merrill Lynch and Smith Barney. A native of Long Island, New York, Mr. McGinity is a graduate of Villanova University.
FINRA BROKER-DEALER Document Verification. https://files.brokercheck.finra.org/firm/firm_7353.pdf