:…And another firm bites the dust

The stock trading and research division of ThinkEquity LLC has shut its doors, effective today, according to an e-mail from one of the firm’s former analysts to the WSJ. “This was very sudden and unexpected,” wrote Kimberly Lee, a biotechnology analyst with the firm, in an email to clients. She didn’t respond to requests for additional comment. The closing was earlier announced this morning by CEO Greg Wright in an interview with Bloomberg, and he cited this year’s stock-trading volume slump as the cause… ........................................................................................................................ http://blogs.wsj.com/marketbeat/2012/10/17/thinkequity-the-latest-casualty-of-low-trading-volume/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fmarketbeat%2Ffeed+%28WSJ.com%3A+MarketBeat+Blog%29