Description of Organization White Weld Co Securities LLC the Company formerly Braver Stern Securities LLC wholly owned subsidiary of White Weld Co Financial Services LLC the Parent is broker-dealer registered with the Securities and Exchange Commission the SEC and is member of the Financial Industry Regulatory Authority Inc FINRA In February 2013 the Parent purchased 24.9% of the Company's membership interest and acquired the remaining 75.1% membership interest in March 2013 from the Companys former owner Braver Stern Co Inc pursuant to the membership interest purchase agreement The transaction was approved by FINRA on November 2013 In November 2013 the Company changed its name from Braver Stern Securities LLC to White Weld Co Securities LLC.
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