OTC Markets Group Inc. (OTCQX: OTCM) today announced that it has approved McAdams Wright Ragen, Inc. ("MWR"), a FINRA member broker-dealer, investment advisor and investment bank, as a Corporate Broker for banks on OTCQX® Banks, a new public marketplace for U.S. community and regional banks. MWR is now qualified to advise U.S. banks and thrifts on OTCQX Banks and can provide professional guidance on marketplace requirements and capital market issues.
"We are pleased to approve McAdams Wright Ragen as a Corporate Broker for banks on our OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Corporate Brokers will provide a vital role in advising community and regional banks on their public trading and providing access to institutional investors, wealth management and investment banking services. We look forward to working with McAdams Wright and our other Corporate Brokers to build a thriving public market for small U.S. banks and thrifts."
"MWR is thrilled to be a Corporate Broker for the OTCQX marketplace. This is a great platform where we can help create more liquidity and exposure for small community banks," said Joey Warmenhoven, Senior Vice President of Trading at McAdams Wright Ragen.
MWR is a majority employee-owned investment firm headquartered in the Pacific Northwest, with client assets under management of over $9 billion including both brokerage and advisory assets. It serves individuals and their families, public and private companies, non-profit organizations, and institutional investors. The firm offers investment advisory, brokerage, equity research, bond and equity trading, asset management, institutional sales, and investment banking.