By Rob Curran
Atlas Energy, added Thursday, says capital raising contributes about a quarter of its gross margin, but most of that capital isn't raised by its broker-dealer unit.
"The regulators have offered stabilization for all companies that qualify," said Brian Begley, spokesman for Atlas Energy. "We're not a financial-services company, but what we do in syndication and fundraising is provide a financial service."
Curiously, one of only four companies to opt out of the list so far is JMP Group Corp. (JMP), parent of San Francisco broker and money-manager JMP Securities, a company in the center of the banking and brokerage crisis. The president of that company, Craig Johnson, said it opted out because of a belief that short-selling is a crucial function of financial markets.
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