MutualFundWire.com: Newpoint Heads for Clearing
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Thursday, May 02, 2002

Newpoint Heads for Clearing


Newpoint Securities of Beverly Hills has tapped BoNY to be its clearing service. Newpoint is a brokerage firm. "With our focus on providing a complete range of financial products and services, it was essential for us to find a clearing firm that could support all of our businesses. Our clearing firm must also be able to provide the powerful, user-centered technology that we need to be competitive. We were impressed with BNY Clearing's capabilities, and we can see that they are committed to providing the high-quality service that is essential to our business," stated John Farahi, president and ceo at Newpoint.


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