Zecco

[Farmboynate]

wonder if they will start accepting non dtc stocks and screwing investors or keep up the nasty business

On May 31, Penson’s parent company, Penson Worldwide, Inc., and PEAK6 Investments, LLP announced the formation of a new, independently-owned clearing firm called Apex Clearing Corporation, which will acquire the clearing operations of Penson.

We see this as good news for all our customers for many reasons:

First and foremost, you will experience no interruption from this change and are not required to take any action. There will be no conversion or technology transfer of any kind. Quite literally, the only change you will see is the name Apex at the top of your statements and order confirmations, instead of Penson’s.
Apex will have the capital, the people and the focus to efficiently and effectively run a top-notch clearing operation, which spells better service and attention for you, our Zecco customers.
Lastly, the TradeKing and Zecco firms combined will account for nearly half of Apex’s accounts, making us one of Apex’s most valued customers, again heightening the attention and service we can expect to receive from the new organization.


Apex Clearing is expected to begin operations in the coming days following the completion of certain closing conditions and receipt of required regulatory approval from the U.S. Securities and Exchange Commission (SEC) and FINRA.