Wunderlich Securities

Investment firm to pay fines in SEC settlement

Wunderlich Securities, a Tennessee-based investment firm that entered the Richmond market in November, has reached a settlement with the SEC related to allegations of overcharging its clients.

DealFlow: Investment Banking roundup for 2.11.11

Welcome to DealFlow, a new monthly BizSense data section that tracks the recent deals that local firms had a hand in, whether by brokering a capital raise, advising on an IPO or helping close an M&A deal. This week, lots of deals from Harris Williams, Wunderlich and BB&T Capital Markets.

Anderson Strudwick sold

Anderson Strudwick will officially lose its independence. After a false start, the locally-based financial services firm will be acquired by a Tennessee-based financial services company. The price tag on the deal has not been released. Anderson Strudwick’s president George Nolde confirmed in a phone message yesterday that shareholders at the company, which was one of Richmond’s last independent brokerages, approved a stock sale this week to Wunderlich Securities.

Anderson Strudwick in merger negotiations

Richmond-based investment bank/brokerage Anderson Strudwick is in merger negotiations with Wunderlich Securities, a Tennessee investment bank/brokerage. Representatives from Wunderlich will be in Richmond today to present the deal to the company, according to a source familiar with the deal. It’s likely that employees will vote later today.