USHCC applauds Facebook for including minority-owned banks
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The USHCC says 10 of the 31 brokerage firms are minority-owned. The USHCC noticed Chicago-based Cabrera Capital Markets because it's a Hispanic Business Enterprise and member of the USHCC. Nevertheless, the organization also listed nine other minority and/or women-owned firms: Blaylock Robert Van, CastleOak Securities, C.L. King & Associates, Lebenthal & Co., Loop Capital Markets, M.R. Beal & Company, Muriel Siebert & Co., Samuel A. Ramirez & Co., and The Williams Capital Group.
"The USHCC is pleased that Facebook, a global leader in social media, has sought the services of a Hispanic-owned firm like Cabrera Capital Markets," USHCC President and CEO Javier Palomarez said in a statement. "This is certainly a very positive step forward for Facebook, as they entrust this historic transaction to the best firms representing the fastest-growing segment of America's business community. Both Facebook and Cabrera Capital are partners of the USHCC and we couldn't be prouder."
"Facebook, a corporate member of the USHCC, has once again demonstrated its visionary leadership by engaging these top-tier minority-owned firms, which best illustrate our country's diverse human capital and reflect their customer base," USHCC Chairman Nina Vaca said in a statement.
Last month, the California State Teachers' Retirement System told Facebook that a board of directors of seven members is unacceptable, not only because it is small, but because it only features men. A week later, the Institutional Shareholder Services told Facebook that its co-founder and CEO Mark Zuckerberg has too much power.
The USHCC has 2,700 Likes on Facebook.
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