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Troubled Wainwright Looks For Capital

Traders Magazine, December 2002

Peter Chapman

H.C. Wainwright is out of the box. The financially strapped investment bank pulled its markets from the Nasdaq montage in mid-November. The move caps a yearlong process of downsizing on the desk. In late 2001, Wainwright traded about 100 names and 170,000 shares per day, according to Nasdaq. In October of 2002, its last full month of trading, it traded 29 names and about 13,000 shares.

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