Difference between revisions of "Spear, Leeds & Kellogg"

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{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
| company_name = Spear, Leeds & Kellogg
| company_name = Spear, Leeds & Kellogg
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
| company_logo =  <!-- use the syntax: [[Image:imgname.jpg]] for this, or leave it blank -->
| key_people =    <!-- CEO, President, etc, don't need to list everybody -->
| key_people =    <!-- CEO, President, etc, don't need to list everybody -->
| foundation =    <!-- Year founded -->
| foundation =    1931 <!-- Year founded -->
| location =      Jersey City, NJ <!-- Headquarters city, state, country -->
| location =      Jersey City, NJ <!-- Headquarters city, state, country -->
| employees =      <!-- Approx number of employees -->
| employees =      2,500 <!-- Approx number of employees -->
| products =      <!-- Quick list of types of things company does or produces -->
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Spear, Leeds & Kellogg Specialists LLC is a [[specialist]] on the [[New York Stock Exchange]]. It is a subsidiary of [[Goldman Sachs]] Group.  
Spear, Leeds & Kellogg Specialists LLC is a [[specialist]] on the [[New York Stock Exchange]]. It is a subsidiary of [[Goldman Sachs]] Group.  
The firm was founded as in 1931 as Spear, Leeds & Co. by Harry Spear and Larry Leeds. James Kellogg joined the firm in 1941.<ref>{{cite web|url=http://www.fundinguniverse.com/company-histories/Spear-Leeds-amp;-Kellogg-Company-History.html|name=Spear, Leeds & Kellogg|org=fundinguniverse.com|date=February 5, 2009}}</ref>


Goldman Sachs acquired it in 2000.
In addition to its market maker services, it also offers clearing, trading, and reporting tools. It also offers financing to customers and loans out stocks, especially hard-to-borrow securities. In addition it provides [[custody reporting]] services and a Web-based [[portfolio accounting]] system.
== History ==
== History ==
{{Infobox Midpage Need Sponsor}}
 
SLK has long been known as a leading specialist on the New York Stock Exchange.  In 2004 SLK and four other specialist firms paid $240 million to settle with the Securities and Exchange Commission (SEC), which accused them of "front-running," artificially inflating the price of shares they held as a way to skim additional profits.


== Products and Services ==
== Products and Services ==
Market making, clearing, and reporting tools


== Key People ==
== Key People ==

Latest revision as of 16:06, 11 February 2012


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Spear, Leeds & Kellogg
Founded 1931
Headquarters Jersey City, NJ
Employees 2,500

Spear, Leeds & Kellogg Specialists LLC is a specialist on the New York Stock Exchange. It is a subsidiary of Goldman Sachs Group. The firm was founded as in 1931 as Spear, Leeds & Co. by Harry Spear and Larry Leeds. James Kellogg joined the firm in 1941.[1]

Goldman Sachs acquired it in 2000.

In addition to its market maker services, it also offers clearing, trading, and reporting tools. It also offers financing to customers and loans out stocks, especially hard-to-borrow securities. In addition it provides custody reporting services and a Web-based portfolio accounting system.

History[edit]

SLK has long been known as a leading specialist on the New York Stock Exchange. In 2004 SLK and four other specialist firms paid $240 million to settle with the Securities and Exchange Commission (SEC), which accused them of "front-running," artificially inflating the price of shares they held as a way to skim additional profits.

Products and Services[edit]

Market making, clearing, and reporting tools

Key People[edit]

References[edit]

  1. Spear, Leeds & Kellogg. fundinguniverse.com.