JB Oxford Holdings, through its wholly owned subsidiary, JBOC
, engages in the discount brokerage and correspondent clearing business.
The Company recently engaged the law firm of Bryan Cave LLP to conduct a prospective regulatory oversight review of the JBOC
The Company also announced that Al Laubenstein, former Compliance Director of JBOC, has been promoted to Executive Vice President.
This additional capital will be used to help fund the continued growth of JBOC.
JBOC is headquartered in Beverly Hills, California, with branch offices in New York, Dallas, Miami, Boston, and Basel, Switzerland.
Rubenstein said electronic trading activity will be a strong contributor to the JBOC bottom-line in 1997.
Rubenstein said that Felix Oeri, the Head of International Operations, recently arranged for the opening of a JBOC desk at the Basel, Switzerland airport, the only stock brokerage to have such a facility.
also has significant activities in clearing and markets services focused on emerging growth companies.
During this past quarter, JBOC
has seen the order flow generated by its electronic trading products more than double.