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Southwest Securities Group Inc

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August 7, 2001 | Bloomberg News
Dallas brokerage Southwest Securities Group Inc. is expanding into California by acquiring O'Connor & Co. Securities, a Newport Beach municipal bond trader. Financial terms were not disclosed. The purchase is part of Southwest's strategy of expanding from a regional company to a national firm. The acquisition gives Southwest Securities a greater reach in the municipal bond market, particularly in California, which is increasingly being dominated by larger players.
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