MIAMI, March 12, 2012 (GLOBE NEWSWIRE) -- Southern Trust Securities Holding Corp. (OTCQB:SOHL) ("STSHC"), a financial services holding company offering broker-dealer, investment banking, and investment advisory and wealth management services, announced today that it has opened a new branch office in Chicago, Illinois.
The office, located in metropolitan Chicago, will primarily be focused on growing the institutional futures business of STSHC's wholly owned broker dealer subsidiary, Southern Trust Securities, Inc. ("STS"). The office will be a branch office of STS and able to perform futures, equity and fixed income brokerage services.
STS provides futures trading, execution and introducing broker services to both individuals and institutional clients. STS's institutional futures clients include large commodity producers as well as hedge funds, commodity pool operators and private funds. The Chicago office of STS will perform trading and execution services utilizing experienced futures professionals and will plan to maintain a 24-hour trading desk for worldwide executions of futures transactions.
Mr. Dan Sullivan, STS's newly appointed Senior Vice President, commented, "Having a presence in Chicago is critical to building a futures business. Our clients trade on the exchanges here and many have offices as well. With our new office we will be able to attract the most experienced futures people and have ready access to the exchanges for our clients."
STSHC's CEO Mr. Robert Escobio also commented, "As we recently have announced, STS has made the strategic decision to expand our institutional futures business. With our new Chicago office we will be able to quickly grow our business with seasoned professionals and most importantly, be able to respond to our client needs most effectively."
The address and phone numbers of the STS Chicago Office are as follows:
Southern Trust Securities, Inc.
218 North Jefferson
Suite 100
Chicago, Illinois 60661
312-262-2050
855-442-7717 Toll Free
About Southern Trust Securities Holding Corp.
STSHC (Symbol: SOHL) is a financial services company offering securities brokerage, investment banking, asset management and private wealth management for a growing base of retail and institutional, corporate, and high-net-worth clients primarily in Latin America and Asia. STSHC services include access to international investment opportunities in U.S. and foreign capital markets, offshore entities for financial planning, and cross-border transactions, including private placements, bridge financing and reverse mergers into publicly-traded shell corporations. STSHC operates through its subsidiaries, Southern Trust Securities, Inc. (STS) and Southern Trust Securities Asset Management, Inc. (STSAM), Southern Trust Metals, Inc. (STM) and affiliated Geneva-based International Private Wealth Management S.A. (IPWM). STS is a member of the Securities Investors Protection Corporation (SIPC), National Futures Association (NFA), and Financial Industry Regulatory Authority (FINRA).
Forward- Looking Statements
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Corporation's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Except as otherwise required by federal securities laws, the Corporation undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties.