Latest Summit Financial Services Group Inc. (SFNS) Headlines
Summit Financial Services Group Announces Corrected 2013 Year End Results
PR Newswire - Mon Mar 10, 1:15PM CDT
On March 4, 2014, Summit Financial Services Group, Inc. (OTC: SFNS) issued a press release announcing its financial results for the year ended December 31, 2013. The provision for income taxes set forth in the release was incorrectly stated. Accordingly, the following revised press release is being issued, which supersedes the prior release with the corrected information regarding Summit's 2013 year end results.
Summit Financial Services Group Announces 2013 Year End Results
PR Newswire - Tue Mar 04, 8:00AM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced its financial results for the year ended December 31, 2013. For 2013, the Company reported revenues of $87.62 million, which represented an increase of $14.38 million, or approximately 20%, from the $73.24 million in revenues reported for 2012. For 2013, the Company reported net income of $3.02 million, which represented an increase of $1.43 million, or 90%, from the $1.59 million reported in 2012.
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of SUMMIT FINANCIAL SERVICES GROUP, INC. of Class Action Against Its Board of Directors in Relation to the Sale of the Company to RCS CAPITAL CORPORATION -- SFNS
GlobeNewswire - Fri Dec 06, 9:32AM CST
Levi & Korsinsky notifies investors of Summit Financial Services Group, Inc. ("Summit") (OTC:SFNS) of claims of breaches of fiduciary duty against the board of directors of the Company in connection with the Company's recently-announced merger agreement with RCS Capital Corporation ("RCS"). A complaint was filed in Florida state court.
INVESTOR ALERT - SUMMIT FINANCIAL SERVICES GROUP, INC.: The Law Offices of Vincent Wong Investigates the Sale of SUMMIT FINANCIAL SERVICES GROUP, INC. to RCS Capital Corporation
Business Wire - Mon Dec 02, 12:09PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Summit Financial Services Groups, Inc. ("Summit Financial") (OTC: SFNS) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RCS Capital Corporation.
SUMMIT FINANCIAL SERVICES GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Business Wire - Tue Nov 26, 4:11PM CST
Rigrodsky & Long, P.A.:
INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of SUMMIT FINANCIAL SERVICES GROUP, INC. and Its Board of Directors In Relation to the Sale of the Company to RCS CAPITAL CORPORATION -- SFNS
Business Wire - Mon Nov 25, 10:15AM CST
Levi & Korsinsky is investigating the Board of Directors of Summit Financial Services Group, Inc. ("Summit") (OTCBB:SFNS) in relation to the Company's recently-announced merger agreement with RCS Capital Corporation ("RCS").
SHAREHOLDER ALERT Levi & Korsinsky, LLP Announces Investigation of SUMMIT FINANCIAL SERVICES GROUP, INC. and Its Board of Directors in Relation to the Sale of the Company to RCS CAPITAL CORPORATION
Business Wire - Thu Nov 21, 4:35PM CST
Levi & Korsinsky is investigating the Board of Directors of Summit Financial Services Group, Inc. ("Summit") (OTC:SFNS) in relation to the Company's recently-announced merger agreement with RCS Capital Corporation ("RCS").
Law Firm Brower Piven Announces Investigation of Summit Financial Services Group, Inc. Proposed Buyout
Business Wire - Thu Nov 21, 4:28PM CST
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Summit Financial Services Group, Inc. ("Summit" or the "Company") (OTC: SFNS) and other violations of state law by the board of directors of Summit relating to the proposed buyout of the Company by RCS Capital Corporation ("RCS"). The firm's investigation seeks to determine, among other things, whether the board of directors of Summit breached their fiduciary duties by failing to maximize shareholder value.
Investor Alert - Buyout Of Summit Financial Services Group - Shareholder Rights Law Firm Seeks Higher Price For Shareholders
PR Newswire - Thu Nov 21, 7:42AM CST
Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders nationwide, announces that it is investigating the acquisition of Summit Financial Services Group, Inc. (OTC: SFNS). On November 16, 2013, Summit entered into an agreement and plan of merger with RCS Capital Corporation ("RCS").
RCS Capital buying Summit Financial for $49M
AP - Mon Nov 18, 6:06AM CST
NEW YORK (AP) — RCS Capital is buying financial services firm Summit Financial Services Group Inc. for $49 million.
RCS Capital Corporation Announces Agreement to Acquire Summit Financial Services
PR Newswire - Mon Nov 18, 5:00AM CST
RCS Capital Corporation ("RCAP") (NYSE: RCAP) announced today that on November 16, 2013, RCAP and a newly formed wholly-owned subsidiary of RCAP entered into an agreement and plan of merger (the "Merger Agreement") with Summit Financial Services Group, Inc. ("Summit") (OTC Bulletin Board: SFNS) by which RCAP will acquire Summit for $49.0 million, or approximately $1.43 per share (as more fully defined in the merger agreement). Following the merger, Summit and its subsidiaries, including its SEC-registered broker-dealer and FINRA-member subsidiary Summit Brokerage Services, Inc., will continue to operate under current management and the "Summit" brand.
Summit Financial Services Group Announces Results for the Three- and Nine-Months Ended September 30, 2013
PR Newswire - Thu Nov 14, 3:53PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced financial results for the three- and nine-month periods ended September 30, 2013. For the three-month period ended September 30, 2013 (the "2013 Quarter"), the Company reported revenues of $22.4 million, which represented an increase of $4.0 million, or 21%, from the $18.4 million in revenues reported for the three-month period ended September 30, 2012 (the "2012 Quarter"). For the 2013 Quarter, the Company reported net income of $1.06 million, or an increase of 224% from net income of $0.33 million reported for the 2012 Quarter.
Summit Financial Services Group Announces Results for the Three- and Six-Months Ended June 30, 2013
PR Newswire - Wed Aug 14, 3:00PM CDT
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced its financial results for the three- and six-month periods ended June 30, 2013. For the three-month period ended June 30, 2013 (the "2013 Quarter"), the Company reported revenues of $21.2 million, which represented an increase of $4.0 million, or 23%, from the $17.2 million in revenues reported for the three-month period ended June 30, 2012 (the "2012 Quarter"). For the 2013 Quarter, the Company reported net income of $0.79 million, which represented an increase of $0.32 million, or 70%, from the $0.47 million reported for the 2012 Quarter.
CRWEWALLSTREET Daily Stock Watch Southwest Securities, Inc. (NYSE:SWS), Crown Equity Holdings Inc.'s (OTCQB:CRWE), and Summit Financial Services Group, Inc. (OTCQB:SFNS)
WorldStockWire - Fri Aug 02, 12:00PM CDT
CRWEwallstreet.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
Summit Financial Services Group Announces Results for the Quarter Ended March 31, 2013
PR Newswire - Wed May 15, 3:03PM CDT
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced financial results for the three-month period ended March 31, 2013 (the "2013 Quarter"). For the 2013 Quarter, the Company reported revenues of $21.7 million, which represented an increase of $3.5 million, or 19%, from the $18.2 million in revenues reported for the same period of the prior year (the "2012 Quarter"). For the 2013 Quarter, the Company reported pre-tax income of $1,325,000 versus pre-tax income of $757,000 for the 2012 Quarter. For the 2013 Quarter, the Company reported net income of $674,000 versus net income of $417,000 for the 2012 Quarter.
Summit Financial Services Group Buys Back and Retires Approximately 10% of its Common Stock From Vertigo
PR Newswire - Wed Jan 02, 12:56PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced today that the Company has repurchased in a private transaction, and retired, approximately 2.35 million shares, or approximately 10%, of the Company's common stock from Vertigo Capital LP and certain of its affiliates, for a purchase price of approximately $1.75 million, or $0.745 per share.
Summit Financial Services Group Buys Back and Retires Approximately 15% of its Common Stock From Antares
PR Newswire - Thu Dec 20, 3:00PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced today that the Company has repurchased in a private transaction, and retired, 4,000,000 shares, or approximately 15%, of the Company's common stock from Antares Capital Fund III Limited Partnership, for a purchase price of $3.30 million, or $0.825 per share.
Summit Financial Services Group Announces Corrected 2013 Year End Results
PR Newswire - Mon Mar 10, 1:15PM CDT
On March 4, 2014, Summit Financial Services Group, Inc. (OTC: SFNS) issued a press release announcing its financial results for the year ended December 31, 2013. The provision for income taxes set forth in the release was incorrectly stated. Accordingly, the following revised press release is being issued, which supersedes the prior release with the corrected information regarding Summit's 2013 year end results.
Summit Financial Services Group Announces 2013 Year End Results
PR Newswire - Tue Mar 04, 8:00AM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced its financial results for the year ended December 31, 2013. For 2013, the Company reported revenues of $87.62 million, which represented an increase of $14.38 million, or approximately 20%, from the $73.24 million in revenues reported for 2012. For 2013, the Company reported net income of $3.02 million, which represented an increase of $1.43 million, or 90%, from the $1.59 million reported in 2012.
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of SUMMIT FINANCIAL SERVICES GROUP, INC. of Class Action Against Its Board of Directors in Relation to the Sale of the Company to RCS CAPITAL CORPORATION -- SFNS
GlobeNewswire - Fri Dec 06, 9:32AM CST
Levi & Korsinsky notifies investors of Summit Financial Services Group, Inc. ("Summit") (OTC:SFNS) of claims of breaches of fiduciary duty against the board of directors of the Company in connection with the Company's recently-announced merger agreement with RCS Capital Corporation ("RCS"). A complaint was filed in Florida state court.
INVESTOR ALERT - SUMMIT FINANCIAL SERVICES GROUP, INC.: The Law Offices of Vincent Wong Investigates the Sale of SUMMIT FINANCIAL SERVICES GROUP, INC. to RCS Capital Corporation
Business Wire - Mon Dec 02, 12:09PM CST
The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Summit Financial Services Groups, Inc. ("Summit Financial") (OTC: SFNS) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to RCS Capital Corporation.
SUMMIT FINANCIAL SERVICES GROUP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
Business Wire - Tue Nov 26, 4:11PM CST
Rigrodsky & Long, P.A.:
INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of SUMMIT FINANCIAL SERVICES GROUP, INC. and Its Board of Directors In Relation to the Sale of the Company to RCS CAPITAL CORPORATION -- SFNS
Business Wire - Mon Nov 25, 10:15AM CST
Levi & Korsinsky is investigating the Board of Directors of Summit Financial Services Group, Inc. ("Summit") (OTCBB:SFNS) in relation to the Company's recently-announced merger agreement with RCS Capital Corporation ("RCS").
SHAREHOLDER ALERT Levi & Korsinsky, LLP Announces Investigation of SUMMIT FINANCIAL SERVICES GROUP, INC. and Its Board of Directors in Relation to the Sale of the Company to RCS CAPITAL CORPORATION
Business Wire - Thu Nov 21, 4:35PM CST
Levi & Korsinsky is investigating the Board of Directors of Summit Financial Services Group, Inc. ("Summit") (OTC:SFNS) in relation to the Company's recently-announced merger agreement with RCS Capital Corporation ("RCS").
Law Firm Brower Piven Announces Investigation of Summit Financial Services Group, Inc. Proposed Buyout
Business Wire - Thu Nov 21, 4:28PM CST
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Summit Financial Services Group, Inc. ("Summit" or the "Company") (OTC: SFNS) and other violations of state law by the board of directors of Summit relating to the proposed buyout of the Company by RCS Capital Corporation ("RCS"). The firm's investigation seeks to determine, among other things, whether the board of directors of Summit breached their fiduciary duties by failing to maximize shareholder value.
Investor Alert - Buyout Of Summit Financial Services Group - Shareholder Rights Law Firm Seeks Higher Price For Shareholders
PR Newswire - Thu Nov 21, 7:42AM CST
Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders nationwide, announces that it is investigating the acquisition of Summit Financial Services Group, Inc. (OTC: SFNS). On November 16, 2013, Summit entered into an agreement and plan of merger with RCS Capital Corporation ("RCS").
RCS Capital buying Summit Financial for $49M
AP - Mon Nov 18, 6:06AM CST
NEW YORK (AP) — RCS Capital is buying financial services firm Summit Financial Services Group Inc. for $49 million.
RCS Capital Corporation Announces Agreement to Acquire Summit Financial Services
PR Newswire - Mon Nov 18, 5:00AM CST
RCS Capital Corporation ("RCAP") (NYSE: RCAP) announced today that on November 16, 2013, RCAP and a newly formed wholly-owned subsidiary of RCAP entered into an agreement and plan of merger (the "Merger Agreement") with Summit Financial Services Group, Inc. ("Summit") (OTC Bulletin Board: SFNS) by which RCAP will acquire Summit for $49.0 million, or approximately $1.43 per share (as more fully defined in the merger agreement). Following the merger, Summit and its subsidiaries, including its SEC-registered broker-dealer and FINRA-member subsidiary Summit Brokerage Services, Inc., will continue to operate under current management and the "Summit" brand.
Summit Financial Services Group Announces Results for the Three- and Nine-Months Ended September 30, 2013
PR Newswire - Thu Nov 14, 3:53PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced financial results for the three- and nine-month periods ended September 30, 2013. For the three-month period ended September 30, 2013 (the "2013 Quarter"), the Company reported revenues of $22.4 million, which represented an increase of $4.0 million, or 21%, from the $18.4 million in revenues reported for the three-month period ended September 30, 2012 (the "2012 Quarter"). For the 2013 Quarter, the Company reported net income of $1.06 million, or an increase of 224% from net income of $0.33 million reported for the 2012 Quarter.
Summit Financial Services Group Announces Results for the Three- and Six-Months Ended June 30, 2013
PR Newswire - Wed Aug 14, 3:00PM CDT
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced its financial results for the three- and six-month periods ended June 30, 2013. For the three-month period ended June 30, 2013 (the "2013 Quarter"), the Company reported revenues of $21.2 million, which represented an increase of $4.0 million, or 23%, from the $17.2 million in revenues reported for the three-month period ended June 30, 2012 (the "2012 Quarter"). For the 2013 Quarter, the Company reported net income of $0.79 million, which represented an increase of $0.32 million, or 70%, from the $0.47 million reported for the 2012 Quarter.
CRWEWALLSTREET Daily Stock Watch Southwest Securities, Inc. (NYSE:SWS), Crown Equity Holdings Inc.'s (OTCQB:CRWE), and Summit Financial Services Group, Inc. (OTCQB:SFNS)
WorldStockWire - Fri Aug 02, 12:00PM CDT
CRWEwallstreet.com, a division of Crown Equity Holdings Inc. (OTCQB:CRWE) tracks stocks daily and is pleased to offer its hot stock to watch . Our stock focus today is on:
Summit Financial Services Group Announces Results for the Quarter Ended March 31, 2013
PR Newswire - Wed May 15, 3:03PM CDT
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced financial results for the three-month period ended March 31, 2013 (the "2013 Quarter"). For the 2013 Quarter, the Company reported revenues of $21.7 million, which represented an increase of $3.5 million, or 19%, from the $18.2 million in revenues reported for the same period of the prior year (the "2012 Quarter"). For the 2013 Quarter, the Company reported pre-tax income of $1,325,000 versus pre-tax income of $757,000 for the 2012 Quarter. For the 2013 Quarter, the Company reported net income of $674,000 versus net income of $417,000 for the 2012 Quarter.
Summit Financial Services Group Buys Back and Retires Approximately 10% of its Common Stock From Vertigo
PR Newswire - Wed Jan 02, 12:56PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced today that the Company has repurchased in a private transaction, and retired, approximately 2.35 million shares, or approximately 10%, of the Company's common stock from Vertigo Capital LP and certain of its affiliates, for a purchase price of approximately $1.75 million, or $0.745 per share.
Summit Financial Services Group Buys Back and Retires Approximately 15% of its Common Stock From Antares
PR Newswire - Thu Dec 20, 3:00PM CST
Summit Financial Services Group, Inc. (OTC Bulletin Board: SFNS) announced today that the Company has repurchased in a private transaction, and retired, 4,000,000 shares, or approximately 15%, of the Company's common stock from Antares Capital Fund III Limited Partnership, for a purchase price of $3.30 million, or $0.825 per share.
