Independent Research Group Gets OK

NEW YORK ('s new stock research unit, Independent Research Group, got regulatory approval to act as a stock brokerage, the company said.

The approval from the Securities and Exchange Commission, and admission to the National Association of Securities Dealers allows the company to get compensation for its research via trade commissions.

As its name implies, the company is aiming to become an independent source of stock research, serving as an alternative to the Wall Street research outfits that are a part of investment banks Previous HedgeWorld Story.

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