GunnAllen Goes Into Bankruptcy


In another case of bankruptcy in Florida, Investment brokerage firm, GunnAllen Financial Inc. filed for Chapter 11 bankruptcy protection Monday, April 26 at US federal bankruptcy court for the Middle District of Florida in Tampa. Once an up and coming investment broking firm in the financial services industry, GunnAllen listed assets and liabilities between $10 million and $50 million in its bankruptcy papers. This move came about a month after the Financial Industry Regulatory Authority (FIRA) found GunnAllen to be lacking in working capital to sustain its business.

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