On December 18, the Financial Services Regulatory Authority (FINRA) approved Prime Executions, Inc. application to sell the company, which will allow Freedom Holding Corp. to purchase Prime Executions in 2021.
In addition, Robert Votchak became the new president of Prime Executions. Votchak is an expert in consulting and capital market management with over 30 years' experience, which includes working as an executive for the NYSE and the US Stock Exchange.
Prime Executions is an SEC registered broker that provides access to trading in the NYSE, and is a member of NASDAQ, FINRA, and SIPC. Prime Executions has been in the financial service market for 29 years and is comprised of experienced professionals and market experts who will join Freedom Holding Corp. after the acquisition.
This is an important acquisition for the holding company, as it will help maintain our position in the US markets. In addition, Freedom Finance clients will receive additional guarantee for timely order execution in the US market. We expect the Prime Executions acquisition to allow us to continue expanding our business by providing US, EU, and Asian market players with the best cross-market financial opportunities.