CROWN FINANCIAL GROUP INC
Previous company name
M.H. Meyerson & Co, Inc
Name change date
Crown Financial Group, Inc. (formerly known as M. H. Meyerson & Co.) is a US-based private company which performs market-making activities for some 7,300 NASDAQ (National Association of Securities Dealers Automated Quotations) and OTC (over-the-counter) securities. It also offers wholesale institutional trading, wealth management, merchant banking, retail brokerage services, and investment banking with a focus on issuing debt and equity securities.
In April 2003, Crown Financial Group’s founder and one-time car salesman Martin H. Meyerson retired after spending more than four decades with his formerly eponymous firm. In 2003, Nasdaq delisted Crown after it announced problems with past financial statements; a new CFO and restated financial results followed in 2004.
Investment Bank / Security House
Description and history
Crown Financial Group, Inc. (formerly M.H. Meyerson & Co., Inc.) adopted the name change effective September 29, 2003, and as a result, changed the symbol for its publicly traded common stock to CFGI (previously MHMY) on October 20, 2003.
Crown Financial Group, Inc. is an international financial services firm, with five separate divisions: Wholesale Market Making, Correspondent Services, Fixed Income Services, Institutional Sales, and Investment Banking. Crown meets the liquidity needs of brokers, dealers, institutions, and asset managers by making markets in over 7,300 Nasdaq and non-Nasdaq OTC securities. Crown has particular expertise trading Nasdaq SmallCap, OTC Bulletin Board, and Pink Sheet securities.
Crown Financial Group, Inc. (‘Registrant’) has reorganized into a holding company structure (the ‘Reorganization’) in accordance with Section 10-3(6) of the New Jersey Business Corporation Act.
The holding company organizational structure was effected after the close of business on January 11, 2005 pursuant to an Agreement and Plan of Merger dated as of January 11, 2005 (the ‘Merger Agreement’), by and among the Registrant, Crown Financial Holdings, Inc., a New Jersey corporation (‘Crown Holdings’), and CFGI Merger Sub, Inc., a New Jersey corporation and a wholly-owned subsidiary of Crown Holdings (‘Merger Sub’). The Merger Agreement provided for the merger (the ‘Merger’) of Merger Sub with and into the Registrant, with the Registrant as the surviving corporation. Pursuant to Section 10-3(6) of the New Jersey Business Corporation Act shareholder approval was not required for the Merger. As a result of the Merger, the Registrant is now a wholly-owned subsidiary of Crown Holdings.
Formerly known as M. H. Meyerson & Co.
Performs market-making activities for some 7,300 NASDAQ (National Association of Securities Dealers Automated Quotations) and OTC (over-the-counter) securities
SANVILLE & COMPANY
US SIC Code
Washington Blvd, 525
City province or state postal code
07310, JERSEY CITY, NJ
Phone: 1 (201) 459 95 00
Fax: 1 (201) 459 95 21
Country address: UNITED STATES OF AMERICA
Website url: www.crownfin.com