The settlement is subject to approval by the Supreme Court of the State of New York, County of New York.
Cowen Group is a diversified financial services firm and together with its consolidated subsidiaries it provides alternative investment management, investment banking, research, and sales and trading services through its two business segments.
US-based LaBranche & Co through its subsidiaries functions as a specialist in equity securities and its products and services portfolio includes brokerage services, securities execution, and direct-access floor brokerage services for the retail and institutional clients and correspondents.