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February 27, 2019  

Lafferty Loses Prime-Brokerage Chief

Broker-dealer R.F. Lafferty & Co. still plans to start a prime-brokerage business despite the abrupt departure of an executive recruited to lead the effort.Joseph Vencil had joined Lafferty in December with a mandate to position the New York firm as a so-called introducing broker serving smaller hedge fund managers. But less than two months later, Vencil quit to rejoin his prior employer, London-based Forte Securities, as chief operating officer...

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