Word is that Salman Partners is no more, victim of the commodities downturn. Today they closed shop, apparently.
There will be more.
UPDATE post close: Yup.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 15, 2015) –
It is with regret that Salman Partners Inc. announces that it intends
to voluntarily resign from its membership with Investment Industry
Regulatory Organization Of Canada (IIROC). Accordingly, we will cease
carrying on operations as a registered investment dealer on February 15,
2016.Industry conditions have
made it extremely difficult for independent dealers to remain
profitable. In this environment, Salman Partners has made the decision
to voluntarily resign from IIROC. Arrangements have been made to ensure
an orderly transition of all client accounts to alternative registered
dealers and clients will be receiving information on those transfers
shortly.Salman Partners has been in
business for 22 years and during that period, we were members of
syndicates that raised over $20 billion dollars for over 400 issuers. As
a research driven firm, Salman Partners trained over 50 analysts, many
of whom are currently employed as analysts, fund manager or corporate