About Hudson Holding Corp
Hudson Holding Corporation (“Holding”), was formed in 1987, is a holding company and is the parent of its wholly owned subsidiaries, Hudson Securities, Inc. (“Hudson”) and Hudson Technologies, Inc. (“Technologies”), (collectively the “Company”). Hudson was formed in 1984, is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of the National Association of Securities Dealers, Inc. (the "NASD"). Technologies was formed in 2006 for the purpose of providing software development and technology services for Hudson and for third parties. All three entities are incorporated in the State of Delaware. The Company has offices in New Jersey and Florida.
On June 30, 2004, Hudson’s current management team consummated the purchase of all of the outstanding shares of the predecessor broker-dealer’s common stock. Subsequently, on July 21, 2004, the predecessor broker-dealer formed a wholly owned subsidiary named Hudson Capital Markets, Inc. ("HCMI"), which was organized in the state of Delaware. On July 31, 2004, the predecessor broker-dealer was merged into HCMI, with HCMI becoming the survivor ("HCMI Merger") and the name was changed to Hudson Securities, Inc.
In December 2004, Hudson entered into an Agreement and Plan of Merger (the "Agreement") with Health Outcomes Management, Inc. ("HOM"), a non-operating public company. On May 3, 2005, under the terms of the Agreement, Hudson's stockholders exchanged all of their shares of common stock and warrants for shares of HOM common stock (the "Exchange"). The HOM shares that were issued to Hudson shareholders in the merger represented 94% of HOM's outstanding interest at the time of this exchange. In connection with the legal form of this transaction, Hudson became a wholly owned subsidiary of HOM. On September 6, 2005, HOM changed its name to Hudson Holding Corporation and effectuated a one for eight reverse stock split for all stockholders of record as of the close of business on June 13, 2005. For financial reporting purposes, the Exchange represents a capital transaction of Hudson or a "reverse merger" rather than a business combination.
Operations
Hudson is a member of the National Association of Securities Dealers and is insured by the Securities Investor Protection Corporation. Hudson is a market maker trading more than 9,000 securities quoted on the NASDAQ stock market, the OTC Bulletin Board, and the National Quotation Bureau’s Pink Sheets, listed and foreign securities, and specializes in providing liquidity in less liquid, difficult to trade stocks.
As a market maker, Hudson provides its customers with order executions. When customers come to Hudson seeking to buy or sell securities, the firm works to satisfy the customers’ needs, either by finding counterparties willing to trade with the customers (obtaining liquidity) or, where appropriate, by taking the other side of the trades, thereby providing liquidity for its customers by purchasing or selling the securities itself. In a sense, liquidity is the product that Hudson sells to its customers.
Hudson Holding Corp SEC Filings
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Code of Conduct
Code of Business Conduct and Ethics