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Merging and Surviving in Dixie

Traders Magazine, February 2002

John A. Byrne

Scott & Stringfellow, the South's oldest member of the New York Stock Exchange, is acquiring Virginia-based market maker Ryan, Lee & Co., a firm that says it has survived the harsh economics of many small dealers. "There is constant [economic] pressures on small firms like mine," Patrick Ryan, President of Ryan, Lee, told Traders Magazine. "It is more costly for us than the larger firms to keep up with all the new rules and regulations."

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