Another Pierpont Just Got Admitted to an Elite Wall Street Club
- New York Fed adds 24th member to its list of primary dealers
- Pierpont government bond business only dates back to 2010
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As middle names go in finance, it doesn’t get much more prestigious than the one Amherst Pierpont Securities LLC picked.
But the broker’s selection for one of Wall Street’s most esteemed clubs stands out for another reason: it’s a relatively unknown company that now rubs shoulders with JPMorgan Chase & Co., Goldman Sachs Group Inc. and the rest of the bond market’s elite.