Kaufman Bros. Shutters Doors

January 31, 2012 1:33 PM UTC
Following the closing bell on Monday, January 30th, operations at Kaufman Bros. L.P. were halted.

The financial firm’s chief executive officer Benny Lorenzo told employees during a meeting the company would be closing immediately, sources told Bloomberg.

A number of smaller firms have come under pressure recently as trading volume has slowed amid the economic turmoil in Europe.

Kaufman was established back in 1995 and became one of the US's largest minority-owned investment banking advisory firms.


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