New Market Maker on Tap

You probably have noticed a new Market Maker ID on the bid LAFC. This is a newer MM out of New York where several funds and potential large clients who have expressed interest in Socialwise. Again a great sign, because they are picking up an awful lot of shares. Heres the PR....

Apr 21, 2009 08:30 ET

R.F. Lafferty & Co. Inc. Launches Market Making Division

Veteran Market Making Team Hired as Part of the Firm's Continued Expansion

http://www.rflafferty.com

NEW YORK, NY--(Marketwire - April 21, 2009) - R.F. Lafferty & Co. Inc. today announced that it has launched a new division dedicated to market making. The new division will specialize in providing broker-dealers, institutions and existing clients with increased liquidity and order handling capabilities. This new service further extends the scope of R.F Lafferty's robust platform, which is continually being built out as part of the company's ongoing growth strategy.

The new division will be led by four seasoned market making veterans, formerly of Westminster Securities Corporation, who collectively bring over 60 years of experience to the firm. Kevin Malone, John O'Connor, Matthew Palmer and Ezra Grayman will lead the new market making division along with Jeffrey McLaughlin who brings his retail and institutional business expertise to the firm.

"Market Making has become an important space as clients seek more transparency in the current economic environment. Our commitment to expanding the firm's suite of services will prove to be an added benefit for our clients," said Robert Hackel, Chief Operating Officer at R.F. Lafferty & Co. "We continue to proactively identify and recruit the industry's best talent and most experienced teams, and we are pleased to have attracted Kevin, John, Matt, Ezra and Jeff as they will be instrumental to the success of the firm's new market making division."

About R.F. Lafferty & Co., Inc.

Founded in 1946, R.F. Lafferty & Co. is a leading boutique securities firm and investment adviser providing clients with a wide range of services including financial advisory, retail and institutional brokerage, asset management and investment banking services. Headquartered in New York, the firm specializes in serving small and mid-sized companies and investors. For more information, please go to www.rflafferty.com.