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Melvin Securities, L.L.C.


Melvin Securities, L.L.C. is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.

The firm is a full-service securities firm serving the needs of public and private entities with both equity and fixed income products. From its Chicago headquarters, the firm operates the only African American-owned Exchange Specialist operation, fixed income, and institutional brokerage businesses. As one of the most qualified and viable minority-owned investment banks, Melvin Securities adds value to its equity and fixed income transactions by bringing a wealth of experience and a high level of integrity and commitment. It was incorporated in 1989, the firm has been an Exchange Specialist since 1991, an Equity Brokerage since 1992, and entered the Fixed Income arena in 1993.
  
The firm participated in the United Parcel Service (UPS) IPO.  Out of 500,000 shares underwritten, they received retention of 50,000 shares. They also were recently a member of the underwriting syndicate for the John Hancock Financial Services (JHF) IPO where they received retention of 75,000 shares. 
 
Municipal Finance is one of the four major business units at Melvin Securities. Their municipal finance effort is a major focus for senior management at Melvin Securities, Served as co-managing underwriter for over 40 billion dollars in bond issues since entering the municipal finance, Public client services provided by a veteran municipal securities staff, services beyond new issue underwriting include re-investment of bond proceeds and cash management investments. Companies Type of bonds include such as General Obligation Bonds, Essential Service Revenue Bonds, Airport Revenue Bonds, Transportation Revenue Bonds, Housing Revenue Bonds, Tax Increment Financing Bonds, Taxable Pension Obligation Bonds, State Revolving Fund Bonds.

Melvin Securities has minority certifications with the following organizations such as Chicago Minority Business Development Council, Inc., State of Illinois, New York and New Jersey Minority Purchasing Council, Inc.,Connecticut Minority Supplier Development Council, Florida Minority Supplier Development Council, Inc., Michigan Minority Business Development Council, North Carolina Department of Administration, Oklahoma Minority Supplier Development Council, Commontheyalth of Virginia, State of Wisconsin.

The company prides themselves on their accessibility and encourages frequent and open communication with the clients. Client satisfaction is the most appropriate measure of their success.
 

 
 
 


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