Salman Partners, a Vancouver investment broker that specialized in the resource sector, is closing its doors.
The independent investment broker, which has raised $20 billion over the last two decades—much of it for publicly traded resource companies—has announced it will resign from the Investment Industry Regulatory Organization Of Canada (IIROC) and start winding down its operations as an investment broker in February.
“Industry conditions have made it extremely difficult for independent dealers to remain profitable,” the company said in a December 16 press release.
Nelson Bennett – Business in Vancouver – Dec. 16, 2015.
Want More Investigative Content?
