133-year-old Jesup & Lamont Inc. Brokerage Files For Bankruptcy

Jesup & Lamont Inc. filed for Chapter 11 bankruptcy on Friday in Manhattan, a month after it was shut down by regulators for failing to have enough capital. The New York-based company had $41.2 million in assets and $24.6 million in debts on June 30, 2010 according to the company’s filings with the U.S. Bankruptcy Court in Manhattan. – Reuters

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