E*TRADE Increases Access to New Issues Through Municipal Securities Alliance with Jefferies
November 12 2015 - 4:05PM
Business Wire
E*TRADE Financial Corporation (NASDAQ: ETFC) and Jefferies LLC
(“Jefferies”) today announced a retail alliance to provide E*TRADE
customers with access to Jefferies' underwritings of municipal
securities.
Through this relationship, E*TRADE customers have access to
offerings originated by the Jefferies Municipal Securities
platform. This builds on both firms’ current alliance, in which
E*TRADE customers have access to Jefferies’ underwritings of U.S.
IPO and follow-on equity offerings, in place since January
2014.
"We are excited to expand our relationship with Jefferies to
include its leading municipal securities platform, enabling E*TRADE
customers to have greater access to the early stages of municipal
issues,” stated Dave Herbert, SVP of Retail Brokerage Services at
E*TRADE Financial Corporation. “This alliance demonstrates our
commitment to increase the variety of high quality, tax-conscious
offerings for our customers.”
Since 1996, E*TRADE has participated in over 800 new issue
offerings, including fixed income offerings, IPOs, follow-ons,
closed-end funds, and a variety of other investment types,
providing its customers with access to a broad array of new issues
to fit their needs. E*TRADE aims to continue this legacy with
today’s announcement, potentially increasing the volume of
municipal issues available to its customers.
Roy Carlberg, Head of Municipal Underwriting at Jefferies,
commented, “This alliance continues our collaborative work with
E*TRADE and builds on the success of our existing Equity Capital
Markets alliance. E*TRADE’s reputation as an innovator and industry
leader serving retail investors complements Jefferies Municipal
Securities platform and further enhances our ability to provide
municipal clients with market-leading distribution and
execution.”
E*TRADE customers interested in learning more about
participating in a municipal offering can visit their local branch,
call their E*TRADE Financial Consultant, or call (866) 420-0007 to
speak with a Fixed Income Specialist.
E*TRADE is a partner in helping investors balance today's needs
with tomorrow's goals through pioneering digital tools and
personalized, smart guidance, both online and from nearly 300
seasoned financial consultants on the phone or in-person at
branches throughout the U.S. To learn more about how E*TRADE helps
investors make retirement easier, visit etrade.com/retirement.
About E*TRADE Financial
E*TRADE Financial and its subsidiaries provide financial
services including online brokerage and related banking products
and services to retail investors. Specific business segments
include Trading and Investing and Balance Sheet Management.
Securities products and services, including municipal securities,
are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank
products and services are offered by E*TRADE Bank, a Federal
savings bank, Member FDIC, or its subsidiaries. More information is
available at www.etrade.com.
About Jefferies
Jefferies, the global investment banking firm focused on serving
clients for over 50 years, is a leader in providing insight,
expertise, and execution to investors, companies, and governments.
The firm provides a full range of investment banking, sales,
trading, research, and strategy across the spectrum of equities,
fixed income, and foreign exchange, as well as wealth management,
in the Americas, Europe, and Asia. Jefferies Group LLC is a
wholly-owned subsidiary of Leucadia National Corporation (NYSE:
LUK), a diversified holding company.
Important Notices
E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks
or registered trademarks of E*TRADE Financial Corporation.
© 2015 E*TRADE Financial Corporation. All rights reserved.
ETFC-G
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version on businesswire.com: http://www.businesswire.com/news/home/20151112005919/en/
E*TRADE Media
RelationsThayer Fox,
646-521-4418thayer.fox@etrade.comorE*TRADE
Investor RelationsBrett Goodman,
646-521-4406brett.goodman@etrade.comorJefferies Media RelationsRichard Khaleel,
212-284-2556rkhaleel@jefferies.com
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