August 22, 2014 3:11 PM

Advanced Capital completes purchase of broker-dealer Lake Forest Securities

Advanced Capital Securities, a Miami-based investment bank that focuses on emerging companies and institutional and individual investors in Latin America, said Friday that it completed the purchase of Lake Forest Securities LLC. The Chicago-based broker-dealer specializes in high-grade corporate fixed income securities and municipal bonds. Lake Forest Securities, which operates in Illinois, Ohio, Wisconsin, Michigan, Texas and Florida, will now operate under the name AdCap Securities.

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